The U.S. Bureau of Labor Statistics announced that in June, the Consumer Price Index (CPI) for Atlanta-Sandy Springs-Roswell increased by 0.7 percent due to a rise in the electricity index. Over the past year, the CPI-U increased by 2.6 percent, with the food index rising by 2.2 percent and the energy index by 3.9 percent.
According to the U.S. Bureau of Labor Statistics, food prices rose 0.9 percent in Atlanta-Sandy Springs-Roswell in June, driven by increases in both food at home and dining out costs. The energy index increased by 5.6 percent in June, with a 19.4 percent rise in the electricity index. The index for all items excluding food and energy rose 0.2 percent for the month and 2.5 percent over the year, largely due to higher costs for shelter and household furnishings. The indexes for owners’ equivalent rent and rent of primary residence increased both for the month and the year.
According to the latest data from the U.S. Bureau of Labor Statistics, inflation decreased 0.1% in June nationwide but has increased 3% over the last year. The cost of motor vehicle insurance rose 19.5% over the last year, putting it among indexes that have experienced "notable increases."
Gov. Brian Kemp said Georgia's rising car insurance is due in part to excessive litigation, WABE reported. In August, Kemp told the Georgia Chamber of Commerce that the state legislature should prioritize tort reform to rein in excessive lawsuits that are making insurance more expensive.
"The laws on our books make it too easy to bring frivolous lawsuits against Georgia business owners which drive up the price of insurance and stop new, good-paying jobs from ever coming to communities that need them the most," Kemp said.
Georgia drivers are paying an average of $2,907 each year for full coverage car insurance, according to MarketWatch.