The cost of living in South Florida has become a worrisome issue among its residents and justifiably so.
A new study shows that the metropolitan area that makes up Miami-Fort Lauderdale-West Palm Beach is the most affected by inflation.
On Tuesday, the US Bureau of Labor Statistics (BLS) published its bimonthly report of the inflation index in the country. While the year-on-year consumer price index stood at 3.2% in February in the US, Miami's year-on-year inflation was at 4.90%, according to the BLS report, which puts it above the national level and as the metropolitan area with the highest inter-annual inflation, the report says.
In another ranking, this time from WalletHub, the Miami metropolitan area is considered as the one with the biggest inflation problem in the nation.
Miami keeps leading the nation as the area with highest inflation rate
Miami keeps leading the nation as the area with highest inflation rate by NBC Miami is licensed under NBC Miami
Source:
NBC 6 South Florida
