Inflation Hits 40-Year High as Gas, Housing, and Car Insurance Costs Soar

Consumer prices rose 3.5% annually in March, fueled by increasing gas, housing, and car insurance costs
Shelter and gas prices accounted for over half the monthly price increase
Car insurance prices jumped 2.6% in March, making it harder for households to afford coverage
High mortgage rates and home prices make renting a better deal than buying a starter home in all 50 major metro markets
Drivers paid 5% more for car insurance last year and face further increases in 2023, but can save by comparing rates and adjusting coverage