Duval Times

Following the latest Consumer Price Index (CPI) release from the Bureau of Labor Statistics (BLS), Senator Rick Scott issued a statement emphasizing the need for fiscal reforms to address the ongoing inflation crisis. According to July's CPI data, inflation has risen significantly during President Biden's tenure, with a 2.9 percent increase over the year in July 2024 and a total increase of 20.3 percent since the Biden-Harris administration took office.

Senator Scott stated, "For months, Biden-Harris Price Hikes have plagued Americans’ wallets and savings accounts – forcing millions of families to do more with less. Skyrocketing prices for groceries, gas and utility bills across the nation due to the Biden-Harris administration’s failed policies and reckless spending has destroyed the American dream for so many, and for folks like my family growing up, it can feel like digging a hole too deep to climb out of. I am always optimistic about the future of America and our ability to save the American Dream, but we need new leadership that will end the reckless spending and dangerous socialist policies that got us into this mess and are now crushing hardworking Americans every single day. Families have to balance their budgets every day; we must force Washington to do the same. That’s why I am fighting like hell to bring down prices and bring fiscal sanity back to Washington so it works for you."

The CPI report highlighted several notable price increases over the past year:

- Eggs: +19.1%

- Bacon: +8.5%

- Butter: +6.1%

- Rent: +5.1%

- Electricity: +4.9%

- Beef: +4.5%

Since his election to the U.S. Senate, Senator Scott has consistently called for action on America's debt crisis and inflation issues.