Press Releases

Sen. Rick Scott: Floridians Suffer as Biden’s Inflation Crisis Rages for Eighth Consecutive Month

September 10, 2021

WASHINGTON, D.C. – Today, following the latest Producer Price Index (PPI) release from the Bureau of Labor Statistics (BLS), Senator Rick Scott released the below statement demanding President Joe Biden address the raging inflation crisis created under his administration. August’s PPI data again shows a continuous increase in inflation every month of Biden’s presidency.

 

Year over year, producer prices increased 8.3% in August – a rise from the 7.8% increase reported for the 12-month period ending in July 2021 and the largest 12-month increase since 12-month data were first calculated in 2010. Annualized, the monthly PPI growth rate reached 6.8% in August.

 

This release comes as Democrats push an unpaid for, inflation fueling and reckless $5.5 TRILLION tax-and-spending spree that is estimated to drive the federal debt to more than $45,000,000,000,000 by 2031 – a more than $15,000,000,000,000 increase in just 10 years.

 

Senator Rick Scott said, “Under President Biden’s failed leadership, families in Florida and across the nation have seen eight straight months of raging inflation. That’s eight months of higher prices making it harder for low and fixed-income families, like mine growing up, to make ends meet and put food on the table. It’s unacceptable and yet, even in the face of this clear data, the Biden administration continues to ignore reality. This week, the White House tried to spin its way out of the crisis it created and say that inflation isn’t bad when you don’t count huge price hikes in poultry, beef and pork. That’s insane. Recently, I heard from a mother in Wauchula about how rising meat prices meant she was having a harder time feeding her family. Families across Florida are hurting – but Democrats in Washington won’t listen. Democrats will say anything to justify their reckless $5.5 TRILLION tax-and-spending spree that will further fuel inflation and raise our federal debt to $45 TRILLION. It’s time for Biden and Washington Democrats to wake up and see the destructive reality of their failed economic policies and wasteful spending. Our country can’t afford Bernie Sanders and Democrats’ reckless socialist agenda.”

 

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:

 

 

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