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Why is inflation worse in Florida than other parts of US?

Por: WPTV Business September 16, 2023

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WEST PALM BEACH, Fla. — Inflation is proving to be stubborn in South Florida. The latest Consumer Price Index shows a 7.8% jump in August compared to a year ago.Nationally, inflation was up 3.7% for the same 12-month period, and other cities like New York, Philadelphia and Los Angeles posted increases below 4%.Florida's uniqueness in terms of inflation and persistence is the scarcity of housing, Sean Snaith of the University of Central... + full article



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