WASHINGTON, D.C. – Today, following the latest Consumer Price Index (CPI) release from the Bureau of Labor Statistics (BLS), Senator Rick Scott released the below statement highlighting the need to implement substantive fiscal reforms to end the ongoing inflation crisis fueled by the Biden administration’s reckless tax-and-spend agenda. May’s CPI data shows that there has been a significant rise in inflation during Biden’s presidency, with CPI increasing 4.0% in May 2023. Since Biden took office, inflation is up 16.3%.
Senator Rick Scott said, “As I continue to travel around Florida and talk to folks, one thing that is top of mind for Floridians is how hard inflation is hurting them. For over two years now, inflation has been plaguing families’ bank accounts and forcing them to make tough choices like choosing between food on the table, saving for retirement, or putting money away for a rainy day. It’s hard to think of a single way that people’s lives have improved under Joe Biden’s failed leadership. He is destroying our country with his radical political agenda that has eroded trust in our institutions and brought inflation to levels not seen in decades. American families deserve better and I won’t stop fighting to bring fiscal sanity back to Washington and stop Biden from bringing more harm to our country.”
According to today’s CPI release, price increases over the year include:
- Margarine: +22.5%
- Flour: +17.1%
- White bread: +13.4%
- Pet food: +13.8%
- Household paper products: +12.4%
- Baby food: +10.1%
- Cereal: +10.7%
- Rent: +8.7%
- All food: +6.7%
- Electricity: +5.9%
Since being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America’s debt crisis and the harmful effects of inflation. Click HERE for a comprehensive list of his statements and actions on this urgent issue.