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Inflation compounds, and it has risen by about 19% during Biden’s presidency. However, Rubio is misleading by failing to note another key factor: rising wages. Prices don’t increase in a vacuum; they can be canceled out, or nearly so, by rising wages.
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Experts are crediting cooling inflation and the anticipation of federal interest rate cuts for the boost in consumer attitudes.
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A majority of those surveyed were dissatisfied with how President Biden has handled inflation, foreign policy and border security.
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Despite inflation, consumers in Florida will be spending more this holiday shopping season, according to Anca Voicu, professor of economics at Rollins College.
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The release of the national PCE index brought good economic news to Florida and the country as a whole.
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The 12-month inflation rate in the Tampa metro area is more than double the national rate, according to Consumer Price Index data.
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Recent data from the U.S. government shows a surge in consumer spending is fueling strong growth. It's confounded economists, Federal Reserve officials and even Americans themselves.
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Here's how property taxes this year could impact your mortgage and what you can do about it.
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This week on The Florida Roundup, we discuss how inflation, higher interest rates and the high cost of housing are stretching paychecks; Florida's low union membership; and how Duval and Miami-Dade jails are under fire.
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An annual study from the American Century Investments shows inflation remains a top concern for workers as they look toward retirement.
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Farm Share, the state's largest food bank, found that Floridians are sacrificing their nutrition to save money amid rising prices.
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John Horne owns five restaurants, including several Anna Maria Oyster Bar locations. He discussed the changes he's seen in his 40 years in the industry, and the impact Florida's economy is having on it.