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. April’s CPI data shows that there has been a significant rise in inflation during Biden’s presidency, with CPI increasing 3.4% over the year in April 2024. Since Biden took office, inflation is up 19.9% marking the 37th consecutive month inflation is above 3%.

Senator Rick Scott said, “Inflation has been up for 37 straight months, and Floridians are sick and tired of the failed Bidenomics agenda that is stealing their paychecks—costing them $24,000 more since Biden took office. Floridians tell me every day about the heartbreaking struggles they are facing just to make ends meet right now. It makes me think about what my mom went through when I was growing up and we lived in public housing. She had to work odd jobs to make ends meet and there were plenty of days when we didn’t have much food on our table. Today, too many Floridians are facing the same hardships my mom did, but it doesn’t have to stay that way. I won’t stop fighting to cut spending and bring fiscal sanity back to Washington by ending the disastrous Bidenonmics agenda that is pushing Floridians and our nation to the brink of financial ruin with record inflation.”  

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

• Beef: +7.0%
• Sugar: +6.6%
• Rent: +5.6%
• Electricity: +5.1%
• Tomatoes: +4.7%

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 and HERE for Senator Scott’s Quarterly Economic Snapshot.

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