Auto insurance, maintenance costs surge in January: CPI data

Thu, Feb 13, 2025, 4:30 AM

January's Consumer Price Index saw a variety of inflation trends emerge, including the rise in auto insurance prices, moving higher by nearly 12% year-over-year.

Yahoo Finance's Julie Hyman joins Asking for a Trend to discuss how President Trump's tariffs on imports and steel and aluminum could impact car prices and repair costs. Economists are uncertain about the future, as these costs are influenced by tariff negotiations, labor costs, and immigration policies — making long-term predictions challenging.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Josh Lynch