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. August’s CPI data shows that there has been significant inflation nearly every month of Biden’s presidency. While year over year consumer prices increased 8.3% in August, food prices reached an inflationary level not seen since 1979.
Senator Rick Scott said, “While the White House will undoubtedly celebrate today’s inflation report, families are still suffering. Food prices are way up since Biden took office and STILL RISING HIGHER. And while gas prices have fallen slightly, they are still way higher than when Biden took office thanks to his war on American energy and failed policies like cancelling the Keystone Pipeline. Families in my state and all across the country don’t want a consolation prize, they want lower prices. But, instead of helping them and changing course, Joe Biden is a do-nothing president that is completely controlled by the radical left socialists in his party. Since Biden took office, inflation in America is up more than 13%. There is one solution to this problem: STOP RECKLESS GOVERNMENT SPENDING. Florida families are SICK AND TIRED of paying the price for Biden’s failed, woke agenda and I will keep fighting every day to stop it and the raging inflation its pushing on all Americans.”
According to today’s CPI release, price increases over the year include:
- Fuel Oil: +68.8%
- Eggs: +39.8%
- Butter: +24.6%
- Energy: +23.8%
- Milk: +17.0%
- Overall Food: +11.4%
- Housing: +6.2%
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.