Things To Do In SW Florida

By CHRISTOPHER RUGABER

WASHINGTON (AP) — An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years.

Prices rose just 0.2% from June to July, the Commerce Department said Friday, up a tick from the previous month’s 0.1% increase. Compared with a year earlier, inflation was unchanged at 2.5%. That’s just modestly above the Fed’s 2% target level.

The slowdown in inflation could upend former President Donald Trump’s efforts to saddle Vice President Kamala Harris with blame for rising prices. Still, despite the near-end of high inflation, many Americans remain unhappy with today’s sharply higher average prices for such necessities as gas, food and housing compared with their pre-pandemic levels.

Excluding volatile food and energy costs, so-called core inflation rose 0.2% from June to July, the same as in the previous month. Measured from a year earlier, core prices increased 2.6%, also unchanged from the previous year. Economists closely watch core prices, which typically provide a better read of future inflation trends. read more

DAYTONA BEACH — Visitors to some of the beaches closest to Orlando will soon have to pay to park in Volusia County’s seaside lots, a significant change for a stretch of coastline that offered thousands of free spaces.

Daily parking at Volusia’s formerly no-cost off-beach lots will be $20 for out-of-towners starting Jan. 1. That change will affect beachside parks in Daytona Beach, Ormond Beach and other popular day-trip destinations for landlocked Orlando-area residents and tourists.

Driving and parking on the beach will cost more, too, going from $20 to $30 for nonresidents starting Oct. 1. Volusia County is unique in Florida in allowing cars to drive on its hard-packed sand. The region’s motorsports tradition started with cars racing on the beach.

Volusia County Commissioner Troy Kent spearheaded the changes, saying county residents already pay property taxes that support beach maintenance and visitors need to chip in, too.

Under the old parking system, the county spent about $17 million in general property tax revenue to subsidize beach operations, he said. read more