The Sunshine State currently has the highest inflation rate in the entire country, driven by climbing housing and insurance costs.
Inflation may still be bad in the U.S., where the consumer price index (CPI) rose by an unexpected 3.5 percent in March compared to a year before, crushing hopes that the Federal Reserve would cut interest rates anytime soon. But nowhere else in the country is inflation currently worse than in Florida, where it reached 3.9 percent last month, according to an analysis of index data by Moody’s Analytics based on a three-month moving average.
Republican Governor Ron DeSantis, whose recent unsuccessful bid for the White House ended with the withdrawal of his candidacy and the endorsement of Donald Trump in late January, blamed President Joe Biden for the high rate of inflation in the Sunshine State.
«The inflation coming in, the report, this is not petering out,» he said on Wednesday in St. Petersburg. «We need to have lower interest rates and I think what’s happened is likely going to prevent that from happening this year. But people are hurting, because all that’s reflected in the cost of things that matter to people—housing, mortgages, groceries.
