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 again calling on President Biden to finally admit that inflation is rising and put forward a plan to protect families in Florida and across the nation from growing prices. Today’s BLS data builds on last month’s concerning report, showing that year over year, consumer prices increased 4.2% in April – a significant increase from the 2.6% increase reported for the 12-month period ending in March 2021 and the largest 12-month increase since 2008. Annualized, the monthly CPI growth rate reached 10.3% in April. CPI Food prices have seen a 2.4% increase over the last 12-months while gasoline prices are up 49.6%.

 

Senator Rick Scott said, “President Biden’s silence on inflation is deafening and his lack of leadership in the face of this serious threat is hurting people every day. Every increase in food, gas and household good prices, even increases of just a few cents, negatively impact families, especially low income families and those on fixed incomes. For our nation’s poorest families, like mine growing up, rising prices are devastating – I know because I watched my parents struggle with inflation and putting food on the table when I was a kid.

“Today’s CPI data further confirms our fears and what I’ve been warning about for months. We’ve now seen consistent, month after month rises in prices. Reports show nearly 90% of Americans are worried about inflation. Yesterday, the National Federation of Independent Businesses (NFIB) reported that 36% of small businesses are raising prices. There is no question whether inflation is happening. It’s time for Biden to step and address inflation. He can’t keep hiding while American families suffer.”

 

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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