Inflation

[Boffin]

Florida is now America’s inflation hotspot.

[golfing eagles]

Florida is now America’s inflation hotspot.

Go past the sensational headline.

Florida's inflation rate was driven up by housing costs in the Miami-Ft. Lauderdale area (up 9%). Eliminate that and we are at par with the national norm.

[Stu from NYC]

Now that housing prices are coming down think we are probably close to national average.

[Boffin]

Go past the sensational headline.

Florida's inflation rate was driven up by housing costs in the Miami-Ft. Lauderdale area (up 9%). Eliminate that and we are at par with the national norm.

Inflation is up due to increased population over the past three years or so combined with a housing shortage. By the way, the national rate of inflation is about 4%. I doubt that Florida is “on par”. Also, if housing costs are eliminate for Florida then those costs should also be eliminated for the other states. Otherwise the comparison is nothing more than one of apples to oranges.

[billethkid]

A "4%" inflation rate would be an improvement VS the actual realized cost of groceries and fuel over the past 6months to a year!!

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:censored:

[golfing eagles]

Inflation is up due to increased population over the past three years or so combined with a housing shortage. By the way, the national rate of inflation is about 4%. I doubt that Florida is “on par”. Also, if housing costs are eliminate for Florida then those costs should also be eliminated for the other states. Otherwise the comparison is nothing more than one of apples to oranges.

I would just eliminate the housing inflation in Miami-Ft. Lauderdale sine this is the anomaly.

[Boffin]

A "4%" inflation rate would be an improvement VS the actual realized cost of groceries and fuel over the past 6months to a year!!

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:censored:

FYI: national average cost of fuel one year ago was about 4.75. Current national average is about 3.65. Six months ago it was around 3.35.
Go figure eh?

[Mrfriendly]

Florida is now America’s inflation hotspot.

Maybe Fed will raise just TV resident's savings account rates to 10% ? Lol

[tophcfa]

Go past the sensational headline.

Florida's inflation rate was driven up by housing costs in the Miami-Ft. Lauderdale area (up 9%). Eliminate that and we are at par with the national norm.

Articles source distorting statistics because they hate the mass exodus from high tax states to the Sunshine State.

[Stu from NYC]

Articles source distorting statistics because they hate the mass exodus from high tax states to the Sunshine State.

Need to close the journalism schools and fire the professors who do not teach student to be objective

[OrangeBlossomBaby]

FYI: national average cost of fuel one year ago was about 4.75. Current national average is about 3.65. Six months ago it was around 3.35.
Go figure eh?

And I can get gas at BJ's for $2.94 today.

[kkingston57]

Go past the sensational headline.

Florida's inflation rate was driven up by housing costs in the Miami-Ft. Lauderdale area (up 9%). Eliminate that and we are at par with the national norm.

Like I have said before housing inflation in TV was not and still is not as high as S. FLorida.

[Caymus]

"Real" inflation is when people cut back on toilet paper.

https://www.msn.com/en-us/money/other/americans-skimping-on-essentials-from-toothpaste-to-toilet-paper-threaten-corporate-growth/ar-AA1dIvvn

[huge-pigeons]

Housing prices in TV are rather cheap compared to a lot of bigger cities like nyc, la, San Fran, Chicago, etc..
People are moving out of those poorly ran cities/states and want to come here, Texas, Nashville, and others. If you own a house in Florida you will reap the benefits over time. The best thing about this migration is these people are leaving their old ideology at their last place of residence and not bringing it here. DeSantis won by a few thousands of votes 4years ago, but this time with millions of more people here in Florida, he won by millions of votes

[Battlebasset]

I would just eliminate the housing inflation in Miami-Ft. Lauderdale sine this is the anomaly.

Recent WSJ article noted that with housing and used car prices coming down, that should help inflation numbers.

How many/often houses and used cars does an average person buy in a year? Five years? The two things most care about would be food and energy (gas/electric/gasoline). Most everything else can be curtailed or forgone entirely in some cases (do you really need a new TV, or do you just want one?).

[Wondering]

Go past the sensational headline.

Florida's inflation rate was driven up by housing costs in the Miami-Ft. Lauderdale area (up 9%). Eliminate that and we are at par with the national norm.
Wrong again! Do some legitimate research. National inflation is 4%, Florida is at 9%. Highest homeowner's insurance premiums in the country. Don't tell me because of hurricanes. There are weather and climate disasters all over our country but Florida has ridiculous homeowner's insurance premiums because of insurance industry greed and lack of State leadership.

[Keefelane66]

Housing prices in TV are rather cheap compared to a lot of bigger cities like nyc, la, San Fran, Chicago, etc..
People are moving out of those poorly ran cities/states and want to come here, Texas, Nashville, and others. If you own a house in Florida you will reap the benefits over time. The best thing about this migration is these people are leaving their old ideology at their last place of residence and not bringing it here. DeSantis won by a few thousands of votes 4years ago, but this time with millions of more people here in Florida, he won by millions of votes
DeSantis won by 1,500,000 votes.

[Whitley]

Wrong again! Do some legitimate research. National inflation is 4%, Florida is at 9%. Highest homeowner's insurance premiums in the country. Don't tell me because of hurricanes. There are weather and climate disasters all over our country but Florida has ridiculous homeowner's insurance premiums because of insurance industry greed and lack of State leadership.

Did you really need the "Wrong Again" comment?

[Regorp]

FYI: national average cost of fuel one year ago was about 4.75. Current national average is about 3.65. Six months ago it was around 3.35.
Go figure eh?

And in January of 2021 it was app x 2.35!!

[maistocars]

I think it serves as an excellent opportunity for the OP to move quickly to NY or some of those lesser inflationary states......

[zuidemab]

Need to close the journalism schools and fire the professors who do not teach student to be objective

Yes, we should all do research and be objective.

[Birdrm]

Recent WSJ article noted that with housing and used car prices coming down, that should help inflation numbers.

How many/often houses and used cars does an average person buy in a year? Five years? The two things most care about would be food and energy (gas/electric/gasoline). Most everything else can be curtailed or forgone entirely in some cases (do you really need a new TV, or do you just want one?).

I agree that there should be a "true" inflation calculated that only includes every day items like food, gas etc. to show the increases in every day items. I agree if housing or automobiles are up this year and I don't buy one for the next 5 years how am I impacted every day by these items?

[Steve]

FYI: national average cost of fuel one year ago was about 4.75. Current national average is about 3.65. Six months ago it was around 3.35.
Go figure eh?

The week Joe Biden took office it was $2.29 (according to USA Today). So who bumped it up to $4.75? And now the administration is taking credit for getting it "down" to $3.35?

[Keefelane66]

The week Joe Biden took office it was $2.29 (according to USA Today). So who bumped it up to $4.75? And now the administration is taking credit for getting it "down" to $3.35?
Bj’ and Sam’ $2.96 while Walmart is $3.41 WHY?

Oil is a commodity and priced world market it’s either West Texas or Brent pricing on speculation.

[Chi-Town]

Good news on inflation and the S&P from this morning.

Access Denied (https://www.cnbc.com/2023/07/11/stock-market-today-live-updates.html)

[eyc234]

Be prepared for prices to go up more for insurance as another company leaves the state. Legislature and governor have done nothing to fix. Groceries are going to rise as workers leave state due to legislation passed that is causing migrant farm workers to leave state. $10 million in budget to bus & fly workers out of state. How about giving homeowners a relief with that money. Give citizens relief that are still suffering from past storm damage. Stop the politics and help the citizens of this state and country.

[Caymus]

Be prepared for prices to go up more for insurance as another company leaves the state. Legislature and governor have done nothing to fix. Groceries are going to rise as workers leave state due to legislation passed that is causing migrant farm workers to leave state. $10 million in budget to bus & fly workers out of state. How about giving homeowners a relief with that money. Give citizens relief that are still suffering from past storm damage. Stop the politics and help the citizens of this state and country.

So? Are you predicting a population decline in Florida? To which high tax. high crime state will they be moving?

[MrFlorida]

A housing shortage, and yet the borders are wide open.... so where are all these people going to live ?

[Chi-Town]

Inflation rate June, 2022 9%
Inflation rate June, 2023 3%

Video has more details.

https://youtu.be/2JCd5Lwsung

[Boomer]

Inflation is a big topic this morning on CNBC. Pretty hopeful commentary in general.

Boomer

[Bwanajim]

What was the price of fuel two years ago before Joey came in? 🤷🏼*♂️

[Bwanajim]

And I can get gas at BJ's for $2.94 today.
And how much was gas two years ago before Joey took office?? 🤷🏼*♂️

[Bwanajim]

FYI: national average cost of fuel one year ago was about 4.75. Current national average is about 3.65. Six months ago it was around 3.35.
Go figure eh?
And what was it two years ago before Joey came in?🤷🏼*♂️

[CoachKandSportsguy]

The better inflation measure is CORE, which excludes food and energy, which fluctuate widely due to nature and global politics.

CORE is up 4.8% year-on-year, which is more representative of what everyone is experiencing.

moving in the right direction, but don't expect any changes in interest rates down quite yet.

[rmd2]

$1.88

[KAM+6]

And what was it two years ago before Joey came in?🤷🏼*♂️

During covid there were hardly any cars on the road. Supply and demand. That's when prices were down. Don't try to rewrite history. Facts matter.

[dewilson58]

Looks like political post are okay now.


:1rotfl::1rotfl:

[Rainger99]

The better inflation measure is CORE, which excludes food and energy, which fluctuate widely due to nature and global politics.

If you exclude the two items that everyone uses every day, (food and energy) it tends to skew the numbers.

[dewilson58]

If you exclude the two items that everyone uses every day, (food and energy) it tends to skew the numbers.

& these impact Villagers more than say, cost of houses.

[Bay Kid]

They made it funny money.

[JMintzer]

During covid there were hardly any cars on the road. Supply and demand. That's when prices were down. Don't try to rewrite history. Facts matter.

Huh? How did all of the people who were "essential" get to work? How did you get your Amazon packages? Did they develop a Star Trek "Transporter" while I wasn't looking?

[KAM+6]

Huh? How did all of the people who were "essential" get to work? How did you get your Amazon packages? Did they develop a Star Trek "Transporter" while I wasn't looking?


I was an "essential worker" and I can tell you, as a fact, that the roads were practically empty. Three of my children normally commuted 30 miles to Boston, were given work at home assignments.

You can twist it, as you usually do, but the price of gas is set by the big oil, not by "Joey" or any president.

[JMintzer]

I was an "essential worker" and I can tell you, as a fact, that the roads were practically empty. Three of my children normally commuted 30 miles to Boston, were given work at home assignments.

You can twist it, as you usually do, but the price of gas is set by the big oil, not by "Joey" or any president.

And I can tell you they weren't. Yes, traffic was a bit lighter, but "empty"? Not even close...

Oh, and I never twisted anything... You must be confusing me with someone else...

[Bill14564]

And I can tell you they weren't. Yes, traffic was a bit lighter, but "empty"? Not even close...

Oh, and I never twisted anything... You must be confusing me with someone else...

Traffic in Maryland was incredibly light, so light that my wife and I noted there were hardly any cars on the roads.

It was reported that traffic in the LA area was light enough that the smog cleared.

No, the roads were not empty but they was significantly less traffic. I'm sure someone somewhere has statistics on how many fewer miles were driven, how many fewer airline flights were flown, how many fewer cruise ships were in operation, and how much less gasoline and oil was being consumed during that time. All of which affected the demand side of the equation and helped to bring gas costs down.

[JMintzer]

Traffic in Maryland was incredibly light, so light that my wife and I noted there were hardly any cars on the roads.

It was reported that traffic in the LA area was light enough that the smog cleared.

No, the roads were not empty but they was significantly less traffic. I'm sure someone somewhere has statistics on how many fewer miles were driven, how many fewer airline flights were flown, how many fewer cruise ships were in operation, and how much less gasoline and oil was being consumed during that time. All of which affected the demand side of the equation and helped to bring gas costs down.

Don't know where you live in MD, but in the DC suburbs, that certainly wasn't the case...

Oh, and the "smog in LA" has been much less for years... Well before the pandemic...

LA environmental success story: cleaner air, healthier kids - USC News (https://news.usc.edu/76761/las-environmental-success-story-cleaner-air-healthier-kids/)