Miami Has The Nation’s Highest Inflation Rate

Miami-Fort Lauderdale-West Palm Beach’s inflation rate between December 2021 and December 2022 was 9.9%, according to the Consumer Price Index released by the U.S. Bureau of Labor Statistics last week,

That makes the Miami area number 1 for inflation out of 23 major Metropolitan Statistical Areas, according to a Wallethub analysis.

High housing costs in the Miami area helped put it at the top of the inflation ranking, Bloomberg wrote.

Shelter costs in Miami were up 3.9% between October and December alone, according to the data.

Bloomberg said that the shelter component of the CPI has a tendency to lag, since leases are typically long term and take time to reset.

Nevertheless, private data shows that asking rents in Miami are not slowing as fast as the rest of the country, the news service said.

 

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anonymous
18 days ago

We need that bull in the Brickell area. The triangular park just south of Flatiron will be the perfect place for it.

Wall Street South Needs a Bull
18 days ago

Exactly! Brickell is the financial district of Miami and Florida, and one of the top in the nation. Let’s put it where it belongs!

Anon
18 days ago

I agree. It doesn’t make sense where it is. Not to mention that plaza already has a large-scale public art installation that the bull needlessly competes with.

Anonymous Miami
18 days ago

It’s almost comedically placed, which is probably why people don’t get it. Downtown is not the financial center.

Anonymous
18 days ago

Another nice thing MDC doesn’t deserve, like the old Federal Building, Freedom Tower, and the Kobach Center. I imagine this will be vandalized where it is currently.

Checo
17 days ago

Great use of your imagination.

Anon
17 days ago

I agree…..it’s like giving the statue of liberty to a community college – they don’t have the resources to restore it and operate it at it’s full potential…

Checo
17 days ago

Of course it makes sense if you do your homework and learn about the sculpture.

The Miami Bull was commissioned by Tradestation.
When you look outside the window of the Miami Dade College Tradestation Crypto trading Lab you see the the Miami Bull.
In addition to paying for the bull, Tradestation donated $50,000 to the student run trading portfolio at Miami Dade College.

Go buy your own stinkin’ bull…

Anon
17 days ago

NO one wants to BUY their own we’re trying to GET RID OF IT

A Gift is a Gift and Can Be Relocated or Regifted
17 days ago

That’s all Tradestation donated? At most schools, that is one semester of schooling for one student. If it was in fact a donated statue for Miami then it can go ANYWHERE in Miami. A gift doesn’t have strings attached, and that would not qualify as a donation, and

Checo, aren’t you the one always advocating for all of Miami to get built up together? Telling Brickell to get its own bill seems antithetical to the notion that Miami is one city.

Bruno
17 days ago

Looks like you don’t know the area or have missed the point.

#1. I’m just guessing, but I’ll bet 4 ETH that the Tradestation’s donations of the sculpture, the transportation of the sculpture, the learning Lab equiptment, the set up, the donation to the MDC Foundation and the $50,000 contribution to the student run crypto trading account is more than you have contributed or donated to society in your entire lifetime.
That’s all? You ask?
I’m NOT saying that you are a worthless hater, but you should appreciate people and organizations that contribute so much more than you.

#2.. it’s painful to state the obvious, because others have already done so, but Tradestation donated The Miami Bull to Miami Dade College.(for another 4 ETH bet, I’ll hire the best private investigator to Google the origin story, and bet you that the owner of the private property can decide where the property goes).

Anonymous
16 days ago

No disrespect to the donation and donator. That is a lot of money and more than many can afford to donate. Had no idea what was donated. Maybe if the public didn’t have to hire a PI and knew the source and meaning behind it they would embrace it. With so much new going on it’s hard to keep up, so it’s good we all stay involved.

I happen to like the statute.

Good Points by Checo
17 days ago

I like that it promotes a career path for Miami students and brings students into the financial industry.

Wall Street South Needs a Bull
18 days ago

Can we also please rename a street in Brickell to Wall Street?

Anon
18 days ago

Why? Wall Street is an organic part of New Yorks history. Why would we inorganically co-opt the name of one of their streets? Brickell is a financial hub that can stand on it’s own, we don’t need to copy street addresses from New York.

Brickell Bull
18 days ago

Naming a street Wall Street is not copying New York. Lots of American cities have parallel names.

Los Angeles has a Wall Street. Even Orlando, Florida has a Wall Street. Plus everyone knows Brickell is Wall Street South – in any case, we should bring the Bull home to Brickell.

anon
18 days ago

this isnt your typical american city. we’re better than that.

Anon
18 days ago

The fact that other cities co-opted New York’s “Wall Street” in the early 1900’s is not going to convince me that Miami should, in 2023, rename one of the streets in it’s flourishing financial district.

Miami has not made a habit of following other cities in recent years and that has proven to be a major plus.

We’re good with Brickell.

Anonymous
18 days ago

People forget Wall Street is called “Wall” Street because it runs along where a citadel wall ran along the boundary of old New Amsterdam.

Street Names
18 days ago

I just meant one of the side streets, not the entire neighborhood. Ok I agree (Why give free unpaid marketing to Wall Street when Brickell is its own financial center?) I do think more landmarks with catchy short terms are good though.

Just me
17 days ago

Si

Brickell Bull Sh*t
17 days ago

Don’t pay attention to the thumbs down votes. People here hate it when someone makes sense.

The Truth
18 days ago

Because Miami had so many historic city walls?

Anonymous
17 days ago

No. When Miami city planners wanted to segregate the citizens of this thriving metropolis, they did not build a wall, like the Dutch in New Amsterdam……..they just used I-95 to do it.

Finance Bro
15 days ago

Nah, New York should rename one of their streets Brickell Ave first

Cool Street Names in Brickell
15 days ago

Brickell’s coolest original street name is Beethoven’s 9th Symphony Street on 9th street. At the end of the street under the underline a man plays classical music on the weekends. Maybe we can play up this theme with more music reference or artwork.

winning
18 days ago

Miami is always #1! Sometimes for not so good things..

Anon
18 days ago

Very confused. Why is the discussion about the picture of the bull and not the content of the article?

Anonymous
18 days ago

Because like bitcoin Miami is backed by plenty of hype, although this time it does appear to be different with the likes of Kenny G and other whales moving here…bitcoin itself is worthless and so is this cheap plastic bull

False Equivalency
17 days ago

Unlike Bitcoin, Miami is backed by tangible and limited physical assets, like real property, and the best place to be in America.

What Is The Material?
17 days ago

It’s plastic? I imagined it was made of metal when I said to bring it to Brickell, rethinking this.

Checo
17 days ago

Sometimes the kids go off their meds and way off topic.

Bob.. the art guy
18 days ago

I agree about having more public art in Brickell. The Bull is very gaudy and tacky. Keep it where it is. Sadly, the was a great Botero that was removed from the front of the SLS. Let’s make Brickell more artful. The danger of sprouting new glass monoliths is that it becomes a soulless and non human place to walk. One easy fix is putting vines that grow up the support columns of the underline. They will look like green trees instead of ugly grey concrete supports

The Soul of Miami
18 days ago

Agree about the soul-less glass monoliths! That’s why I LEFT New York. I was attracted to Miami for the warm architecture – to add on your point would be nice to see under I95 decorated as such, instead of parking lots and dumpsters.

Anonymous
18 days ago

Start by replacing the tacky murals on SLS Lux, Brickell Heights, and CitizenM.

Better Facades for Brickell
18 days ago

And the ones coming like Related’s Gallery at Brickell. Hopefully it was just a mock-up and something better on the way.

It seems there is a design board focused on maintaining the Brickell aesthetic from I95 to the bay, or maybe it’s just naturally occurring themes

Anonymous
17 days ago

No. It’s just that Picasso, Leonardo, Michaelangelo, Donatello, and some of those other famous artists are afraid to come to Miami due to the language barrier.

No Language Barriers in Miami
16 days ago

Language barrier!? That doesn’t make sense. Those artists spoke other languages, like Italian and French. So maybe English was a language barrier.

Also it’s misinformation that there’s a language barrier in Miami. After spending several years here I’ve found that everyone speaks English! It’s not true. I’ve encountered more people in New York that don’t speak English and the subway signs are in ten languages….

Miami is bilingual. Two is easier to learn. I’ve even started learning Spanish.

Bruno
17 days ago

Fabian Burgos is great.
It’s always a source of pride to see people from around the world setting up for photos in front of Burgos’ 20,000 sq ft mural.

Watching that team create that for months was cool too.

Checo
17 days ago

The Botero in front of the SLS Luxe is still there, right?

Finance Bro
15 days ago

Yep, just walked past it 10 minutes ago

Anonymous
17 days ago

That just makes too much sense.

Martín
16 days ago

Agree

Anonymous
18 days ago

Get that bs away from mdc…

Melo is sigma and Chad
18 days ago

Why

Sry but it’s true
18 days ago

Because it’s ridiculous and hideous, and competes not only with existing large scale art mere yards away from it but it does not jive at ALL with the neoclassical beauty directly across the street.

Embrace The DT Vibe
18 days ago

Downtown should all be built as neoclassical rather than copying Brickell. It can be pretty in it’s own way.

Anon
18 days ago

I agree the Historic Downtown should embrace it’s roots. Thank god for Whales Fund bringing back that amazing Post Office and the former Walgreens Building. The pavers on Flagler are also a great touch.

Anonymous
18 days ago

Hence we need design guidelines. There is already a historic district in place, so it’s enforceable to keep buildings along Flagler Street from looking like Melo monstrosities.

Anonymous
18 days ago

The funny part is that Melo will indirectly benefit flagler

MiMiami
18 days ago

The bull stays. Its MDC that can go.

Wall Street South Needs a Bull
18 days ago

We need an education center in downtown! The bill belongs in the financial district, bring some common sense to Miami.

ANON
18 days ago

As a representative for Brickell and the financial industry I vote against bringing that hideous thing to our side of the river.

Brickell Anon
18 days ago

As a representative for Brickell and the financial industry, I vote to bring it to the center of the Financial district in Brickell. It’s modern aesthetic and colors fit very well in Brickell, and its symbolism fits even more so in Brickell.

Brickell also needs more public sculptures and art work so it is a win win.

I’d be happy if it went around the Underline even where people traverse around the clock.

Anonymous
18 days ago

MDC can sell or lease most of its real estate holdings downtown to rebuild the Wolfson Center into a vertical campus worthy of being considered respectable.

Checo
17 days ago

Common sense is not that common.

The Bull was bought and paid for by Tradestation and it complements the programing at Miami Dade College’s Innovation Lab nicely.

Anon
17 days ago

Seems taste is not that common either…..

So Daded
18 days ago

REBRAND AND INVEST IN MDC like Palm Beach Community College did… now it’s Palm Beach State College…

Rebrand it as Miami International College.

(I don’t know why we need to attach Dade to everything, Miami County sounds better too)

Anon
18 days ago

Miami Dade University. But yeah I agree, the school should receive tremendous investment. Miami needs to invest in education because we are severely lacking nationally.

Checo
17 days ago

Some people are severely lacking. True.
Miami Dade County Schools are not “severely lacking”.

Miami Dade College has some nationally recognized programs and spectacular partnerships.

Back to inflation.
College tuition inflation has risen so much that it is almost criminal. Students at Miami Dade college can get useful education in AI, Fashion, Coding, Data Analytics, Animation, Gaming, and thousands of other useful skills for less than $5,000 per year and be immediately employable with very little debt.

Anonymous
18 days ago

You must not have been alive when Dade County made the asinine decision to spend millions of tax-dollars adding “Miami” to the county’s name.

More Irony in Miami Naming History
18 days ago

Pardon my limited knowledge. I’m catching up. The voters should have went all the way though, after spending all that money bc they didn’t like the name “dade,” they ended up only half way to the goal. What a waste of money that must have been.

“The change in name also addressed a source of public dissatisfaction with the name “Dade” which was chosen to honor Francis L. Dade, who had been killed in the Dade battle in the 1830s.[citation needed] The massacre did not occur in South Florida, but in the west central part of the state, in present-day Sumter County, near Bushnell. ”

Checo
17 days ago

That reads like a BS Wikipedia entry. It was NOT because

I was in Miami in 1997. The City of Miami was bankrupt, the bond ratings were junk, and City Gov’t was corrupt and failing.

Voters had two important issues to decide:
1. Eliminate the City of Miami, and hand all required services to the County Government. As in, no city police, no city Fire, no city anything. The Dade County police and service providers would handle everything that the City used to handle.

The second important item seemed necessary ONLY IF voters eliminated the City of Miami. And that was…..

2. Rename Dade County to Miami-Dade County.

Seemed shocking and stupid then, but the Voters decided NOT to eliminate the City of Miami government, AND to change the name.

There was no “Public Dissatisfaction” in 1997 about someone from 1830.

Use some common sense. IF there was “public dissatisfaction” wouldn’t they have removed the name DADE then?

Thank You Checo
17 days ago

Checo, thanks for sharing your historical knowledge! I’m not sure if Miami has a historical museum but it would be interesting and helpful for this knowledge to be memorialized. I’ve seen people move to Miami and even people who grew up in Miami who don’t know this history which gives us perspective to where we are today and how we can advance for tomorrow. ¡Muchos gracias!

Bruno
17 days ago

HistoryMiami in the Phillip Johnson designed Cultural Center (next to the main library) has great resources. If you are lucky enough to take any tour with Paul George, do it fast. He’s retiring soon.

Checo
17 days ago

The voters voted to NOT dissolve the City of Miami, and TO add Miami- to what was Dade County.

The best argument against democracy is a 5 minute conversation with the average voter.

Anonymous
17 days ago

I don’t think it’s democracy. maybe lack of investment in historical museums and entertaining educational events. It takes time and resources to become familiar with such a rich legacy.

Anonymous
18 days ago

Isn’t there already a “Miami International College” or something? That diploma mill which took the old Jordan Marsh space at the former Omni International Mall.

Anonymous
18 days ago

That was some “fashion” school…I knew a girl who showed me one of her projects that was literally her “designing” a make up bag. Feel bad for her now that I’m thinking about it she wasn’t that bright to begin with and her bag looked like a 5 yr old made it while she paid more than I did for a finance degree that’s gotten me plenty of opportunities.

Checo
17 days ago

Of course you don’t know why.

Engage some intellectual curiosity and find out.

Once upon a time people were ashamed to ignorant. Now it seems like ignorant is group identity if you can attract other people who don’t know what they are talking about.

Anonymous
18 days ago

MDC is a great school. I had a valuable experience there with receiving excellent instruction from experienced professors at an affordable rate (and value was paramount for me back then). Currently work in a top global bank after having numerous opportunities throughout the years…it’s what you make of it.

Bruno
17 days ago

I hear this story often. First hand accounts from very successful people who owe their success to their family and Miami Dade College.

Anonymous
18 days ago

We know, Pollo Tropical costs as much as Chipotle.

Anonymous
18 days ago

I always thought Moe’s was bad, but Pollo Tropical? The first time I went there almost fifteen years ago when Chipotles were a lot less common and it was aight. After that, never again…

Anonymous
18 days ago

Anyone who eats at either of those has no respect for their own body lol

Anonymous
18 days ago

PT chicken is the bomb dot com you have no clue what you speak of fool

Bob.. the art guy
18 days ago

There is a little problem with adding another Botero to a public space in Brickell. They are very expensive. A small Botero is Million dollars. Carbonel, who is also a great sculptor and who’s work graces the Brickell bridge and other Brickell locations is a fraction of what a Botero costs. Agreed, the Boteros in Medellin’s public spaces are wonderful and define that city. We need to create a Brickell identity.

Favorite Miami Sculpture
17 days ago

I personally love the lady with the big bustle and modern silhouette, carved out of stone… she is new to the Design District.

The same sculptor has versions in Monaco, Nice and throughout the world.

She is a keeper! If only we got more art like that in Brickell.

Someone should start a Miami Art Tour that takes people around Miami showing the public art. If I were a tourist that would be too on my list!

Checo
17 days ago

Go check out the “Art in Public Places” programming.
There is map and self guided tour programing.

Miami spends more per year than Philadelphia on their programing. (Philly had a very big head start!!)

Good Points by Checo
17 days ago

Wow so cool Checo! I will look into this and promote it to my friends who are artists and art enthusiasts from NYC and around the world. I agree that art is a major selling point for Miami. It always has been, even when I’d come here in grade school with my school to see the art and design.

Grow Brickell Art Identity
17 days ago

Agree! We need more landmark worthy sculptures, including current developments underway… in the center of the new Brickell roundabout on SW 3rd, One Southside Park, the Chetrit River Brickell district and the new high end school going up on 10th Street.

Yours truly.
17 days ago

That bull missing its cojones.

Bob.. the art guy
18 days ago

One more thing about those who are “bullish” about the Bull. We only want good art in Brickell. I do art for a living. Most ultra contemporary art that’s being pushed on the public ie. Art Basel is over priced and sub standard. Let’s seek out things more like Botero or neo-classical works like Carbobell. Question? Why do people flock to Paris? It’s artfully beautiful

Art Historita
18 days ago

Botero?! Like the ugly silly SLS statue? In NYC they have similar ones in Lincoln Center, but they didn’t cover then with a dumb leaf like biblical times. We need to embrace more nude statutes. I mean people are already wearing such little clothing so why did old Brickell clutch it’s pearls to put a leaf on that statue? Europe has nude godly figures everywhere.

anon
18 days ago

don’t ever disrespect botero again. medellin is gorgeous with their botero statues.

Art Historita
18 days ago

I love Botero! Look at the ones in Lincoln Center. I just don’t know why Miami opted for a leaf over the figure.

Checo
17 days ago

Botero’s Male Torso at SLS Lux had been shown all over the world and most recently on the Champs–Elysées. It looks great on the corner of Miami Ave.
The Botero’s at the Four Seasons are great too.

More Art Around Brickell
18 days ago

Agree bring Art west of the Underline to connect it to newer Brickell.

Are you people serious?
17 days ago

This entire comment section being about the stupid bull and not the fact that Miami prices are ridiculously out of control is the most quintessentially Miami thing I’ve ever seen. We’re all getting screwed, but hey “Miami winning!” and “Thanks to our lord and savior Ken Griffin!” is all anyone chooses to see. Wtf is going on???

Bruno
17 days ago

Duh…
If you didn’t see inflation coming on election day 2020, then you probably believed your student loans would be forgiven.

That’s why smart people bought land in 2021 when interest rates were below 4.5% for jumbos.

Anonymous
14 days ago

Vacant land loan rates weren’t that low. Keep trollin’

Celia Cruz ✝️
17 days ago

Everyone is talking about the bull sculpture… none is talking about the Elephant on the room 🤓🤗…. I N F L A T I O N 😂

Salvador
16 days ago

Miami Brickell and the bull overrated Madrid Spain my friends

tokyo transit authority
14 days ago

are you not entertained?????

Bruno
17 days ago

“Shelter costs” probably calculate rent. For anyone who bought from 2016-2022, their mortgage was locked in around 4% or lower.
Property owners are sleeping comfortably. Renters are scrambling to find cheap alternatives.

Anonymous
14 days ago

Condo owners will be scrambling to come up with an extra $500/mo to cover the new funding reserve law and higher windstorm insurance rates. Right when rental rates are leveling off. Keep it smug.

Anonymous
14 days ago

Not those condo owners who bought in buildings with great reserves! Sleeping super comfortable over here.

Alex g
16 days ago

Miami isn’t joining inflation, it’s called price gouging and should be illegal

RWJ
17 days ago

Unfortunately this is not a good thing for S. Florida. The question is, what are local governments doing about it?

Bruno
17 days ago

What are local Gov’ts going to do about Federal spending?
Hopefully, local government will focus on the things that they are uniquely qualified to do.

Federal fiscal policy isn’t one of those things.

Anon
17 days ago

Seems like an issue with local incomes not keeping up with out of state incomes. Is there anything local gov can do about this? Do we need fed legislation?

Name*
18 days ago

Why copying that bull from NYC. Then let’s also build a Statue of Liberty with laser eyes. That would be something!

History with a Twist
18 days ago

The Statute of Liberty was originally and sadly tarnished to a putrid green like the infrastructure it faces. It was also a replica (nothing original about it.) No wonder it was a gift from the French!

It would not be a bad idea to erect a monument of this size in Miami, perfect for Brickell Key, one of the barrier Key Biscayne islands or Jose Martí Park. If it looks like the Statute of Liberty, we should just make sure it does not tarnish.

Anon
18 days ago

It wasn’t tarnished….it’s copper..? You know, that mineral that turns green over time when exposed to oxygen?

Copper Tone
18 days ago

Like an old penny you want to pick up because it’s on heads but question it’s whereabouts given the color.

Nothing New
18 days ago

Statute of Liberty is copper and originally red, like a penny. It tarnished to green over time. There is also one in Paris and another in Tokyo, nothing new.