How South Florida is a study in economic contrasts for the Biden administration

South Florida is a place of pride for the Biden administration's efforts to draw attention to its economic policies.

It's also a place of frustration.

This region, along with Boston, has the lowest unemployment rate among the largest metropolitan areas in the nation. It October, it stood at 2.5%, which is unchanged from a year ago and down from a pandemic high of 14.2% in May 2020.

But South Florida also sports one of the highest consumer inflation rates in the country. The official rate has been stubbornly high, especially compared to the national Consumer Price Index, which is the most common inflation barometer. The regional inflation rate was 7.4%, down from the pandemic high of 10.2%. The national CPI shows a much more significant drop. It has fallen by two-thirds to 3.2% from its pandemic high of 8.9%.