"Florida: The New Inflation Hotspot in America"

Florida, particularly the Miami-Fort Lauderdale-West Palm Beach area, has the highest inflation rate in the US due to skyrocketing housing costs, with a 9% inflation rate for the 12 months ended in April. The Tampa-St. Petersburg-Clearwater metro also has a high inflation rate at 7.3%. The population growth in Florida, driven by domestic migration, has increased demand for housing and pushed up inflation rates. In contrast, Minneapolis has the lowest inflation rate among major cities, at 1.8%, due to factors such as earlier peak in shelter costs and increased multifamily construction. Atlanta, which was previously an inflation hotspot, has seen a decline in inflation as housing market supply and demand have balanced out.