Troublesomely high inflation rates may have an overlooked metric at their source: soaring insurance costs. But don't take our word for it, just listen to Federal Reserve Chair Jerome Powell. Several types of insurance, including home and car insurance, have surged over the past few years, and it’s hurting the Fed’s effort to get interest rates down to its 2% target, Powell said in congressional testimony last week. “Insurance of various different kinds—housing insurance, but also automobile insurance, and things like that—that’s been a significant source of inflation over the last few years,” he said.