Florida Hotspots See Double the Average Inflation While More Rural Areas Cool Down
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Inflation is highest in Miami and Tampa Bay areas of Florida, more than double the national average. Housing costs are up over 10%.
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Inflation has slowed in less populated areas like Minnesota, Hawaii, Alaska, near the Fed's 2% target. Lower rents and energy prices contribute.
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Americans want deflation, not just disinflation. Prices are still rising and remain higher than pre-pandemic.
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Official inflation statistics may not match public perceptions. Families report inflation seems higher than reported.
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Demand outpacing supply, especially in housing. Builders can't keep up in high growth Florida areas.