DeSantis Calls New Inflation High a ‘Brutal Report’ for Americans
June 10, 2022 Updated 12:32 P.M. ET
BUNNELL (FLV) – Gov. Ron DeSantis called the new 40-year-record high inflation numbers “brutal” as consumer prices surged 8.6% in May.
Americans continue to suffer from the rising prices of gas, food and other goods and services that jumped in May.
“It’s one thing to have to deal with this for a little bit if it was going to start going down, but that is not what that report says today,” DeSantis said. “And that just is indication that there’s going to be some rough sledding ahead.”
The Associated Press reported that the Friday report shows inflation is caused by more than just clogged supply chains and Russia’s invasion of Ukraine. In response to the report, the Federal Reserve may raise rates faster and raise the risk of a recession.
The Governor continued to say the state’s budget is prepared for any economic downturn. Florida has a $20 billion surplus that DeSantis said will be used to fill budget holes.
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“We’ve gotten massive surplus, and we’re going to be able to meet our needs and all the services and things people depend on,” he said. “That’s going to be good.”
On top of that, gas prices in Florida reached another average high. Florida’s average hit $4.82 with the national average on the cusp of $5 per gallon.
