arts
South Florida families feel the squeeze as inflation reaches a 3-year high. Here's how you can save.
By Bri Buckley at CBS4 Miami
· June 10, 2026
· 2 min read
Inflation hit its highest level in three years, driven in part by a sharp jump in gas prices, according to a new report from the Labor Department. The Consumer Price Index rose to 4.2 percent, up from 3.8 percent the previous month. That is the highest rate since April 2023.Gas prices are up 40.5 pe
Key takeaway That is the highest rate since April 2023.
Why this matters in The Miami
The surge in inflation, driven by rising gas prices and airfare, will disproportionately affect Miami's working-class families, many of whom rely on daily commutes to jobs in Brickell, Miami Beach, or other neighborhoods. With stagnant wages failing to keep pace with the 4.2 percent Consumer Price Index increase, households in Little Havana and other Latin American and Caribbean communities may need to make tough choices between essential expenses. As experts recommend auditing expenses and growing income, Miami residents may explore local options like carpooling or using public transportation to mitigate the impact of higher gas prices. Additionally, the city's thriving entrepreneurial spirit, evident in neighborhoods like Wynwood, could provide opportunities for side gigs or new ventures, helping residents offset the effects of inflation and stay afloat in a challenging economic environment.
About this story
Original reporting by CBS4 Miami . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit CBS4 Miami . Have a tip or correction? Contact our newsroom .
Category: arts ·
Published: June 10, 2026 ·
Source: CBS4 Miami ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? Inflation hit its highest level in three years, driven in part by a sharp jump in gas prices, according to a new report from the Labor Department. The Consumer Price Index rose to 4.2 percent, up from 3.8 percent the previous month. That is the highest rate since April 2023.Gas prices are up 40.5 pe
When was this published? This article was first published on June 10, 2026 by CBS4 Miami and curated for The Miami readers.
Who reported this story? This story was reported by Bri Buckley at CBS4 Miami. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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