The cost of home repair and remodeling projects is up compared to a year ago and running ahead of inflation overall, according to a report from data analytics company Verisk. The firm’s latest Repair and Remodeling Index jumped 3.4% in the April-June quarter compared to the same period last year. That’s a bigger annual increase than the 2.7% rise in inflation in the same period, as measured by the Consumer Price index. The index, which tracks costs for more than 10,000 home improvement products, including appliances, doors, plumbing and windows, shows a roughly 0.6% increase from the January-March quarter. Much of the increase in home repair and remodeling costs appears to be driven primarily by higher labor costs for repair and remodeling work, Verisk notes.