Inflation Moderates While Car Insurance Spikes Sharply
- Inflation ticked up slightly in January but is down on an annual basis to 2.8%
- Persistently high food prices make consumers feel like things aren't improving
- Car insurance costs rose 1.4% in January and are up 21% in the last year
- Insurers blame rising repair costs for high-tech sensors in bumpers for increases
- Analysts say insurers may be using uncertainty to pad profits as drivers have no choice but to pay
