News Risk Management21 Feb 2024

Australia:Insurance inflation outpaces consumer price index rise

| 21 Feb 2024

Home and motor insurance costs in Australia in 2023 grew at their fastest pace since March 2001 surging 16.2% according to the Australian Bureau of Statistics (ABS). The ABS data shows that insurance inflation outpaced the 4.1% annual rise in the Consumer Price Index (CPI).

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