Florida's Red-Hot Economy Drives Highest Inflation Rate in U.S.
- Florida has the highest inflation rate in the U.S. at 3.9% as of March 2023
- Inflation is being driven by increasing housing, rental, and insurance costs
- Florida's popularity and inbound migration is contributing to price increases
- The state is undergoing an insurance crisis due to climate change risks
- After Florida, Tennessee, Virginia, South Carolina, and Alabama have the next highest inflation rates
