Florida Leads U.S. in Fastest Growing Inflation; Northeast States See Slowest Price Hikes

Florida has the fastest inflation at 3.9%, driven by population growth and rising housing, food, and insurance costs.

Tennessee, Virginia, South Carolina, and Alabama round out the top 5 states with fastest inflation, between 3.6-3.8%, due to influxes of new residents.

Pennsylvania has the slowest inflation at 1.8%, helped by falling gas prices and population declines.

Maine and New Hampshire have inflation around 2%, partly due to their older populations that spend less.

Vermont and Connecticut have inflation of 2.1%, as pandemic-driven population gains have stalled or reversed.