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 ongoing inflation. The August CPI data indicates a 2.5% increase over the year, with overall inflation rising by 20.3% since the Biden-Harris administration took office.

Senator Scott stated, "Inflation has skyrocketed 20.3% since Joe Biden and Kamala Harris took office which means seniors on fixed incomes are having to come out of retirement to make ends meet, parents are forced to take on multiple jobs to put food on the table, and young Americans’ dreams of owning a home are disappearing. I grew up in public housing and watched my mom struggle to provide for us by working multiple jobs and taking on odd jobs when she could. It makes me furious to hear from Floridians today that are being forced to do the same thing because of the Biden-Harris administration’s socialist policies that are fueling inflation while destroying jobs and the American economy. It took less than three years for the Biden-Harris administration to ruin our economy, and things will only get worse if Democrats get another four years to turn America into a socialist dystopia."

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

- Eggs: +28.1%

- Butter: +6.7%

- Rent: +5.2%

- Beef: +4.9%

- Electricity: +3.9%

Since his election to the U.S. Senate, Senator Scott has consistently called for measures to address America's debt crisis and mitigate inflation's adverse effects.