The price of auto insurance fell by 0.2 percent in April. While this is a welcome turnaround, auto insurance costs still exceed both education and health care as a contributor to inflation. Over the last year, auto insurance prices have risen by 9.0 percent, adding 0.21 percentage points to the inflation rate.
By contrast, the 2.2 percent rise in the health care index added about 0.19 percentage points to the inflation rate. The 1.8 percent rise in the education index added just 0.05 percentage points to the inflation rate over the last year.