Home Insurance Is Clobbering Consumers. Yet It’s Barely Counted in Inflation.

5 comments

1. I can’t read the entire article because it’s behind a paywall, but does it say home insurance is up significantly since Q3 2023? I ask because as of Q3 2023, Household Financial Obligations as a Percent of Disposable Personal Income (of which homeowners’ insurance is included) was significantly down versus it’s historical levels.

   [https://fred.stlouisfed.org/series/FODSP](https://fred.stlouisfed.org/series/FODSP)

   So either other household financial obligations went down, more than offsetting how much home insurance went up, or real wage growth outpaced overall expenditures. My guess is the latter.

   [https://fred.stlouisfed.org/series/LES1252881600Q](https://fred.stlouisfed.org/series/LES1252881600Q)

2. is the predictable results of global warming inflation or something else?

3. It eventually affects rent prices and that is like 30% of inflation.

4. The official CPI figures are a joke.

5. Me over here seeing my insurance is still roughly the same price, after 8 years.. and scratching my head.