Sen. Rick Scott: Biden Must Answer for his Growing Inflation Crisis

July 13, 2021

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 devastating impact of inflation on Florida families and the need to end reckless spending and pay down the debt. June’s CPI data shows that there has been a notable increase in inflation every month of Biden’s presidency. Year over year, consumer prices increased 5.4% in June – a significant increase from the 5% increase reported for the 12-month period ending in May 2021 and the largest 12-month increase since 2008. Annualized, the monthly CPI growth rate reached 11.7% in June.

Senator Rick Scott said, “As inflation continues to grow under President Biden’s failed economic policies of reckless spending and ballooning national debt, families in Florida and across America are paying the price. Today’s CPI data shows that once again, for the sixth consecutive month, prices of goods are on the rise for Florida families. That hurts our low and fixed-income families, like mine growing up, the most. Gas prices are up nearly a dollar – up more than 45% since this time last year. Our country can’t continue down this path. Reckless government spending has consequences and it’s time for President Biden to answer for the growing inflation crisis he has created.

“Last month, I introduced the Federal Debt Emergency Control Act to bring down the debt and stop the reckless spending we have seen from Democrats. We must immediately pass this bill and start protecting our families and small businesses from further harm caused by failed liberal leadership in Washington.”

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: