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. July’s CPI data shows that there has been a significant rise in inflation during Biden’s presidency, with CPI increasing 3.2% over the year in July 2023. Since Biden took office, inflation is up 16.8%.

Senator Rick Scott said, “The Biden administration continues to hurt Florida families and businesses with its backward ‘Bidenomics’ policies without any plan to fix it. This week, I have been traveling Florida to hear what issues families are facing, and in each big city or small town I stop in one thing keeps getting mentioned—inflation. Folks all over Florida are struggling thanks to President Biden’s reckless tax-and-spend agenda. I continue to hear from parents who are having to make tough choices between gas and groceries, or our seniors having to come out of retirement to get another job—that is a scary reality for Floridians and it is unacceptable Biden has let it go this far. Folks in Florida have struggled for over two years with Biden’s inflation crisis that just continues to skyrocket out of control and I’m fighting like hell in Washington to end the broken status quo and put an end to it. I will never stop fighting to make Washington work for the hardworking Floridians who are trying their best to make ends meet and take care of their families. We have to stop Washington’s reckless spending and get our house in order.”

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

• Flour: +8.5%
• Bread: +9.5%
• Pet Food: +10.6%
• Rent: +8.0%
• Sugar: +8.9%
• Margarine: +11.3%

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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