Inflationary Trends Report - May 2022
As inflation remains at its highest level in decades – Aon’s monthly Inflationary Trends Report reveals the key monthly insights and explores how this impacts insurers’ pricing, claims management and reinsurance needs and the options to navigate this fluctuating landscape.
Key Findings
- Broad price increases decelerated in April with the U.S. CPI down to 8.3% from 8.5% in the month prior.
- Similar deceleration of price increases is seen in the Aon Property Cost Index and other construction cost indices.
- Inflation of used car prices decreased dramatically in April, offering up a bit of good news for auto insurers even though prices remain high.