Inflation Stays High as Home, Auto Costs Soar Beyond Forecasts

Home and auto insurance prices have skyrocketed unexpectedly, contributing to higher inflation
Inflation was expected to keep falling but has stalled around 3% instead of dropping below 2% as forecasted
Experts incorrectly predicted the disinflation trend, missing the mark by over 1 percentage point this quarter
Persistently high wage growth around 4.5% signaled that low 2% inflation was not sustainable
Rent and housing costs have not slowed as anticipated, also preventing further disinflation