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. March’s CPI data shows that there has been a significant rise in inflation during Biden’s presidency, with CPI increasing 5.0% in March 2023 and 15.4% since Biden took office.

Senator Rick Scott said, “I grew up poor, lived in public housing and watched my parents struggle to provide for us. I think about that and what my mom went through every day as I travel around Florida and hear from families about how inflation is making it nearly impossible to make ends meet. Since Joe Biden took office, inflation has risen 15.4% and has remained extraordinarily high. Now, by ignoring the opportunity to fix this with the debt ceiling, Biden is showing he has no plan to get America's fiscal house in order. We can’t accept that. Now is the time to make structural spending reforms that bring fiscal sanity back to America. Now is the time to make sure we get Americans back to work and put real work requirements on federal programs. Now is the time to slash the bureaucracy so American business can boom again and untie itself from the mass of red tape from Washington’s burdensome regulations. If we don’t do these things, stop reckless spending, balance the budget and grow our economy—inflation will continue to plague the bank accounts of families everywhere. American families deserve better than this broken status quo.”

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

• Flour: +17.5
• Lunchmeats: +10.5%
• Eggs: +36.0%
• Butter: +17.3%
• Household Products: +12.2%

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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