Here's how health insurance is helping to curb inflation.

By The Exchange Team

Health insurance costs are deflating in a high-inflation environment, according to economists.

The consumer price index, a key inflation gauge, showed health insurance prices falling 4% in October and 4.3% in November.

In October and November, the average price of all U.S. goods and services grew 0.4% and 0.1%.

The health data reflects factors such as insurance premiums paid by consumers and benefits paid by insurers.

As per CPI data, health insurance costs have been steadily rising at a rate ranging from 1.5% to 3% per month since Oct. 2021.

Jonathan Church, an economist at the Bureau of Labor Statistics, which publishes CPI statistics, expects rates to drop 4% a month through Sept..

That deflationary dynamic, however, may not be consistent with consumers' actual financial experiences with health premiums.