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South Florida's Inflation Drops; Rodeo Celebrates 77 Years!

1/22/2026

25 2 Full Breakdown

Summary

Story summary

On January 21, 2026, South Florida's inflation was 2.6%, below the national 2.7% rate, aided by a 4.8% gasoline drop.
The Florida House passed a bill requiring private employers to use the E-Verify system for new hires.
The Homestead Championship Rodeo will celebrate its 77th year with events January 30 to February 1.
In Miami, gas prices rose to $2.81 per gallon, but remained lower than last month.

History

Historical Context

In 1979, U.S. inflation surged to 11.3%, prompting Federal Reserve Chairman Paul Volcker to implement aggressive interest rate hikes, which peaked at 20% by June 1981. This strategy aimed to combat stagflation, a phenomenon characterized by high inflation and unemployment, which reached 10.8% in late 1982. The legacy of these policies continues to influence current economic measures, including Florida's recent E-Verify mandate.

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Story summary

On January 21, 2026, South Florida's inflation was 2.6%, below the national 2.7% rate, aided by a 4.8% gasoline drop.
The Florida House passed a bill requiring private employers to use the E-Verify system for new hires.
The Homestead Championship Rodeo will celebrate its 77th year with events January 30 to February 1.
In Miami, gas prices rose to $2.81 per gallon, but remained lower than last month.

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