Inflation
 

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.

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

Population
 

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.

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

__________________________________________________ __

:censored:

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

Fuel
 

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?

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

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

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

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

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

https://www.msn.com/en-us/money/othe...th/ar-AA1dIvvn

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

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?).

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.

DeSantis won by 1,500,000 votes.

Did you really need the "Wrong Again" comment?

Fuel
 

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

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

Yes, we should all do research and be objective.

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?

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.

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

Access Denied

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?

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

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

Video has more details.

https://youtu.be/2JCd5Lwsung

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

Boomer

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

And how much was gas two years ago before Joey took office?? 🤷🏼*♂️

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

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.

$1.88

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.

Looks like political post are okay now.


:1rotfl::1rotfl:

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.

They made it funny money.