U.S. Inflation 2022: Experts Warn 'Nasty' March Numbers in Tampa, Florida, Miami

U.S. inflation 2022 will particularly impact Tampa, Florida, Miami, and Atlanta, wherein consumer prices have jumped by an average of 9.6 percent, 9.8 percent, and 10.6 percent, respectively. over the last year.

A Bloomberg report noted that March may prove to be the peak for U.S. inflation, according to a Fox News report.

Axios also noted on Monday to prepare for "a nasty inflation report," with the report said to be looking "doozy."

A Federal Reserve Bank of New York survey published on Monday noted that inflation fears among Americans have hit an 11-year-high.

The survey assessed that the median expectation will be up 6.6. a year from now.

U.S. Inflation 2022

Analysts surveyed by FactSet projected the release to show 8.4 percent inflation over the last year, which would be the highest overall inflation rate since December 1981.

The rate was 7.9 percent for the year ended in February, according to an Axios report.

The forecast is for 6.6 percent inflation, excluding food and energy. It would be the highest since August 1982.

Gasoline prices were mainly blamed for the rising inflation, with the average gallon of gas costing $4.08 in March, which was a 20 percent jump from February.

Gas prices have dwindled down to $4.02 in the first week of April. If sustained, gasoline could be swayed away from future contributions to inflation rates.

Rent prices have also spiked in each of the last three months and were up by 0.6 percent in February.

In addition, prices for services such as health insurance and hotel stays are also rising. Companies that sell services are also looking to make up for rising wage costs and enjoy the pricing power that comes with demand.

U.S. Inflation in Tampa, Florida, and Miami

Certain areas of the country have seen inflation as bad as in the South, where prices have jumped across the 16-state region by an average of 8.4 percent from a year ago, according to a CNBC News report.

The rate is compared with year-over-year inflation of eight percent in the Midwest, 8.1 percent in the West, and 6.6 percent in the Northeast.

Aside from the South and West, Georgia finds itself in the middle of an election cycle, with inflation being on top of the minds of both voters and candidates across the state.

U.S. inflation in Tampa has soared to 9.6 percent in the last year.

An instructor at USF, economist Mike Snipes, said that the rates are a reflection of "our tourism-based economy."

Snipes said that Tampa has the biggest inflation rate in the whole country as it is how "our economy is set up," according to an ABC Action News report.

In November, Florida City's inflation rate increased by eight percent. It topped inflation spokes in New York, Chicago, and Los Angeles, which were at five, six, and six percent respectively, according to a Fox Business News report.

Tampa's rising inflation can be attributed to different factors, such as the increasing number of people moving to the city on the west coast of Florida.

in addition, supply chain shortages and lower interest rates were cited as a factor, as well.

This article is owned by Latin Post.

Written by: Mary Webber

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