Sen. Rick Scott on CPI Report: President Trump Will End the Biden-Harris Inflation Crisis

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 in the new year to finally put an end to the ongoing inflation crisis fueled by the Biden-Harris administration's reckless tax-and-spend agenda. October's CPI data shows that there has been a significant rise in inflation during the Biden-Harris administration, with CPI increasing 2.6% percent over the year in October 2024-higher than last month. Since the Biden-Harris administration took office, inflation is up 20.7%.

Senator Rick Scott said, "Since the Biden-Harris administration took office, inflation has skyrocketed more than 20% and its failed economic agenda has wreaked havoc on the American Dream. The American people clearly want change in Washington to turn our economy around and end the inflation nightmare this administration has created. When President Trump takes office in January, I am confident we will finally change course and end the Biden-Harris inflation catastrophe that has plagued families and their wallets for the past four years."

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

• Eggs: +30.4%
• Beef: +6.0%
• Butter: +5.1%
• Rent: +4.9%
• Electricity: +4.5%

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 and HERE for Senator Scott's Quarterly Economic Snapshot.

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