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. February’s CPI data shows that there has been a significant rise in inflation during Biden’s presidency, with CPI increasing 6.0% in February 2023 and 15.0% since Biden was elected.

Senator Rick Scott said, “It sure seems like Joe Biden likes having the title of president more than doing his actual job. Families in Florida and all across America have suffered for two years under Biden’s raging inflation crisis and he has done NOTHING to fix it. Just last week, Biden put forward a $6.8 TRILLION budget that’s even more full of reckless taxes and spending than his last terrible proposal. Credit card debt is up and savings are down as families struggle to make ends meet. For our poorest families, like mine growing up, Biden’s high prices make even the most basic necessities unaffordable. The president needs to WAKE UP and realize that the pain he is causing for hardworking Americans won’t end until he ends his addiction to reckless government spending. We need to bring fiscal sanity back to Washington and I’m standing with my colleagues in the House who are showing that they give a damn about this country and will fight to fix it. I hope my fellow Republicans in the Senate will join us. The debt ceiling is our opportunity to get something done and we cannot squander it by caving to the reckless and dangerous wishes of Biden and the Democrats.”

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

• Margarine: +39.8%
• Flour: +19.8%
• Utilities: +14.3%
• Electricity: +12.9%
• Food: +9.5%
• Chicken: +8.8%
• Shelter: +8.1%

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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