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. June’s CPI data shows that there has been a significant rise in inflation during Biden’s presidency, with CPI increasing 3% over the year in June 2024. Since Biden took office, inflation is up 20.1% with June marking the 39th consecutive month inflation is at or above 3%.

Senator Rick Scott said, “While Democrats are just now waking up to Joe Biden’s clear incompetence, American families have been dealing with his Bidenomics disaster every time they’ve gone to the store and pump for the last three years. Inflation is up 20.1% since Biden took office, meaning his inability to lead isn’t just embarrassing for our country, it’s destructive and painful for the millions of American families that can’t keep up with his high prices and record inflation. The American Dream is further out of reach, and when I think about a family like mine growing up that lived in public housing and struggled to make ends meet every day, I know there is no way they can survive in Biden’s economy. The American people are fed up and demanding real leadership to save this country. That’s why I am fighting like hell to put America back on the path of fiscal sanity, balance the budget, and end Biden and the Democrats’ reckless spending and enormous debt nightmare that is killing opportunity for Florida families.”

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

• Beef: +10.5%
• Eggs: +10.2%
• Butter: +6.9%
• Rent: +5.2%
• Bread: +4.1%

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 and HERE for Senator Scott’s Quarterly Economic Snapshot.

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