Florida is now America’s inflation hotspot

In Florida, the state’s growing population has been pushing up inflation – particularly via housing costs. It’s a trend that accelerated during the pandemic, when remote work gave some Americans the freedom to relocate, economists say.

“A lot of people are still coming to Florida because the economy is really strong, and many like the fact that we don’t have an income tax like in New York, for example,” said Amanda Phalin, Instructional Associate Professor at the University of Florida Warrington College of Business. 

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