Sen. Rick Scott on CPI Inflation Report: Joe Biden Has Tanked the Economy for 15 Months in a Row, He Must Resign

Statement

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. April's CPI data shows that there has been significant inflation every month of Biden's presidency. Year over year consumer prices increased 8.3% in April.

Senator Rick Scott said, "Joe Biden has NO PLAN to fight the inflation crisis he has caused, and families all across America are experiencing this crisis every day. Yesterday, I invited President Biden to come to Florida for a debate on the economy and how to best fight inflation, but he's too scared to leave his teleprompter in the White House and take me up on it. While Biden hides, across America we are seeing the highest gas prices in the history of our country, a low labor participation rate, a GDP that is declining and mortgage rates rising. Biden's raging inflation is a tax on every American. Families are suffering, but Blame-Game Biden refuses to take responsibility. It's clear that Biden is the problem. He is incoherent and confused and he needs to resign."

According to today's CPI release, price increases over the year include:

Gasoline: +43.6%
Dairy/Milk: +14.3%
Electricity: +11.0%
Groceries: +10.8%

Source