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 significant inflation every month of Biden’s presidency. Year over year consumer prices increased 8.6% in May – a record 40-year high. Since being elected to the U.S. Senate, Senator Scott has urged government accountability to the American taxpayer. Earlier this week, Senator Scott wrote an op-ed for the Washington Examiner on how the president’s policies show two things: he’s heartlessly disconnected from the pain his policies have caused families, and he has no idea how to curb inflation. Read more here.

Senator Rick Scott said, “Joe Biden is failing Americans. He created a crisis that is devastating families' livelihoods and is now turning his back on Americans when they need his leadership the most. Biden is totally disconnected from the pain his policies have caused, and he has NO PLAN to curb his self-made inflation disaster. Sadly, I think it’s now clear that ‘Rich-Kid-Biden’ is just too hopelessly out of touch and heartless to ever care enough to fix it. Think about it: Joe Biden has never struggled financially, spent half a century living on the taxpayers’ dime and has no interest in understanding what it’s like for Americans who are hurting right now. The problem isn't that he grew up with money, it's that he doesn't care about people who didn't. Inflation was 1.4% the day he took office. Gas was $2.39 per gallon. Now we are seeing inflation at a 40-year record high and gas is so expensive families, especially our poorest families like mine growing up, are having to make choices between fuel in the tank or food on the table. Joe Biden and his failed administration have been wrong on inflation every step of the way and Americans are sick and tired of paying the price for his incompetence.”

According to today’s CPI release, price increases over the year include:

• Gasoline: +48.7%
• Eggs: +32.2%
• Public Transportation: +26.3%
• Milk: +15.9%
• Meats and Poultry: +14.2%

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. 

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