In an economic panorama where inflation has become a central issue in USA, Florida emerges as a focal point, with Miami and tampa experiencing the highest inflation rates in the country. According to United States Bureau of Labor Statistics (BLS), Miami recorded an annual inflation rate of 7.4% in October, the highest among American metropolitan areas. According to the same source, tampa is not far behind, with a rate of 6.7% in September, far exceeding the national average.
It may interest you: 6 of the best bars in Miami to have a girls’ night out
This inflationary phenomenon in Florida It is largely due to the influx of people and businesses to the region, driven by factors such as low taxes and favorable climate. This migratory flow, according to market observations, has generated an increase in demand for goods and services, especially in the real estate and energy sectors. Prominent figures in the financial world, such as Ken Griffinhave moved their operations to Miamiwhich has contributed to price increase in the region.
According to the demographic data of B.L.S.the population growth of Florida It has been the fastest of all USA in the last year. This population increase, combined with a housing shortage that has been going on for at least five years, has been a key factor in the rise in inflation. The cities of Miami and tampaaccording to real estate sector reports, have seen housing and rental costs significantly exceed the national average.
In Miamithe rental index increased 12.9% over the past year, compared to the national average of 7.2%, according to data from the B.L.S.. Rents equivalent to the owner in this city also showed an increase of 12%, compared to 6.8% nationally. In addition, energy prices have increased in southern Floridacontrasting with a downward trend in the national average, according to reports from the energy sector.
It may interest you: The Supreme Court of the United States rejected the law against drag shows in Florida
Although rents in Miami have recently begun to stabilize, they are still growing slightly compared to other markets. The lack of a surge in new apartment construction has been a contributing factor to this situation. Griffinwho has moved his family and financial empire to Miami from Chicagosees great potential in Miami as a future global financial center, according to Bloomberg.
According to the same source, the case of tampa is similar, with an increase in housing and energy costs. The city has experienced notable population growth, which has increased demand for housing and basic services. This population growthalong with the arrival of new companies, has placed tampa in a prominent position in the economic panorama of Florida.
