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 for the Trump administration to bring fiscal reforms in the new year that will finally put an end to the ongoing inflation crisis fueled by the Biden-Harris administration’s reckless tax-and-spend agenda. December’s CPI data shows that there has been a significant rise in inflation during the Biden-Harris administration, with CPI increasing 2.9 percent over the year in December 2024. Since the Biden-Harris administration took office, inflation is up 20.7 percent.  

Senator Rick Scott said, “The Biden-Harris administration will be remembered forever by families for 20+ percent inflation and economic failures that wreaked havoc on folks in every state, forcing families to go without and seniors out of retirement. January 20th can’t come soon enough. Americans clearly want change in Washington to turn our economy around and end the inflation nightmare this administration has created. I look forward to working with President Trump, DOGE and my colleagues to stop Democrats' wasteful spending and reckless policies, so we can get our economy back on track, drive down prices for families and make America great again."

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

• Eggs: +36.8%
• Juice: +12.5%
• Beef: +6.8%
• Rent: +4.6%
• Coffee: +4.4%

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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