Florida Emerges as the Epicenter of Inflation in the United States

Florida has emerged as the focal point of inflation in the United States, largely due to an ongoing issue with exorbitant housing expenses. Specifically, the Miami-Fort Lauderdale-West Palm Beach area, with over 2.5 million residents, experienced the highest inflation rate among metropolitan regions, reaching 9% during the 12 months ending in April. This figure surpasses the national average of 4%, as reported by data from the Consumer Price Index. Additionally, the Tampa-St. Petersburg-Clearwater metro area recorded the third-highest inflation rate nationwide, standing at 7.3% for the year concluded in May.



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