Press Releases

Sen. Rick Scott: Biden’s Inflation Crisis Continues to Hurt Florida Families

September 14, 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 need to implement substantive fiscal reforms to end the ongoing inflation crisis fueled by the Biden administration’s tax-and-spend agenda. August’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 5.3% in August after increasing 5.4% for the 12-month period ending in July 2021.

 

Senator Rick Scott said, “I can’t say it enough: reckless and wasteful government spending causes inflation, and we’re seeing that play out month after month under unified Democrat rule in Washington. Today’s CPI release shows that for eighth straight months, our nation has experienced significant increases in prices. That’s eight months of families struggling. I grew up poor and saw my parents struggle to stretch every dollar to put food on the table. Now, too many families are going through that same thing in Joe Biden’s America. Every dollar that Democrats add to the debt, every massive, reckless spending package they push forward, only further fuels Biden’s raging inflation crisis. We won’t stand for it, and neither will the American people. The data speaks for itself – America’s credit card is maxed out and it’s past time to get America’s financial situation back under control.”

 

According to today’s CPI release, all price increases over the year in August were:

  • Gasoline: +42.7%
  • Used Cars: +31.9%
  • Gas Utilities: +21.1%
  • New Cars: +7.6%
  • Overall CPI: +5.3%
  • Electricity: +5.2%
  • Food Away from Home: +4.7%
  • Transportation: +4.6%
  • Apparel: +4.2%
  • Core Inflation: +4.0%
  • Food at Home: +3.0%
  • Shelter: +2.8%
  • Medical Care Service: +1.0%

 

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:

 

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