Editor's note: This article has been updated to correct an original version that mistakenly claimed State Farm insurance is pulling out of Florida. Farmers Insurance is the insurance company that is pulling out of Florida.Americans learned Wednesday morning the rate of inflation nationally has dropp...

Americans learned Wednesday morning the rate of inflation nationally has dropped dramatically, to just 3% annually, down from over 9% one year ago.But not in Florida, which MarketWatch reports “has the highest inflation in the U.S.”For much of the year, even before his presidential campaign official…

  • DarkGamer@kbin.social
    1·
    1 year ago

    Marketwatch notes that “the rate of inflation in the Tampa Bay region was the highest in the country. Prices rose an estimated 7.3% from June 2022 to June 2023, well above the 3% rate for the nation as a whole.”
    Last month as well, inflation was huge across much of Florida.
    “Residents in the Miami-Fort Lauderdale-West Palm Beach area saw prices shoot up 9% in May compared with a year earlier. By comparison, nationwide inflation for the same period was less than half that rate, with prices rising 4% in May compared with a year earlier,” CBS News reported on Tuesday. “People living in the Tampa-St. Petersburg-Clearwater area have it slightly easier, with inflation rising at a 7.3% annual pace, but that’s still much higher than the U.S. as a whole.”
    Why?
    “Florida’s inflation rates are skyrocketing and the state now leads the nation thanks mostly to the rising cost of housing,” NBC Miami reports Wednesday.
    In fact, many reports point to housing prices, which shot up 55% in Florida since the start of the pandemic, compared to 40% nationwide, CBS noted.

    Ignoring real issues to scapegoat minorities and fight a culture war that alienates migrant labor and discourages business investment? Destroying his state’s economy to throw off the national curve and own the libs? Either way, bold move, Cotton. How’s that working out?

    Among GOP voters, DeSantis is now at just 17%, which matches his all-time low says Morning Consult. He “is losing ground to Biden: DeSantis trails Biden by 5 percentage points in a hypothetical general election match-up, and hasn’t outperformed the incumbent since March.” source

    Oh, I see.