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Why automobile coverage escapes inflation


In five decades, civil liability rates have lessened by 4.7%. In question: the decrease in issues and competitiveness.


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Journalist of the Department of Economics

By Jean-François Münster

Posted on 08/24/2022 18:26
Examining time: 4 min

T.outside increases “. This phrase has been very heartfelt in the latest months. In truth, couple items escape the phenomenon of climbing costs. On the other hand, there are exceptions this kind of as car insurance for instance. Around the past five a long time – in between July 2017 and July 2022 – its typical price has fallen by 4.7% although at the same time inflation has enhanced by 17%. In the most current press release from Statbel (Belgian Statistical Institute) on the July inflation charge, automobile insurance plan is even at the forefront of the list of items whose prices have fallen the most: – 3.3% in one yr!


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