WLRN Public Media | By Tom Hudson
South Florida’s inflation rate jumped to its highest level in two years last month. Consumer prices were up 3.8% percent compared to a year earlier.
The rise was fueled by a significant increase in gasoline prices. Average pump prices across the region are up about $1.50 a gallon compared to last year. The gasoline component of the monthly Consumer Price Index was up 34% over the past year. Prices shot higher at the end of February as the U.S. and Israel launched attacks in Iran, which since closed the Strait of Hormuz to ocean-going crude oil tankers.
This story was originally produced by WLRN, South Florida’s only public radio station at 91.3 FM, as part of a content sharing partnership with MIA Media Group. Read more at WLRN.org
