Issues Weekly Update on Biden’s Inflation Crisis

WASHINGTON, D.C. – Today, Senator Rick Scott released the below statement following the latest Producer Price Index (PPI) release from the Bureau of Labor Statistics (BLS), which showed inflation continued to rise in November increasing 7.4% over the year.

Senator Rick Scott said, "I know how much inflation hurts hardworking families because I saw it growing up, and today's PPI report shows that thanks to President Biden's addiction to reckless government spending, too many American families are now living that same struggle. For nearly two years, Americans have been struggling with higher prices, but Democrats refuse to end their insane spending spree and now want yet another massive Pelosi-Schumer Spending Bill that will only make inflation worse. We can't let it happen. Republicans in Congress must demand fiscal responsibility that will finally end this national nightmare. We need to pass a short-term funding bill that carries government operations into the new Congress, and then pass a balanced budget that finally gets America's finances in order. That's what every family and business has to do and I won't stop fighting to make that happen here in Washington.”

According to today’s PPI release, price increases over the year in November included:

• Eggs: +244.1%
• Vegetables: +80.6%
• Diesel Fuel: +59.6%
• Home Heating Oil: +45.5%
• Turkeys: +37.6%
• Dairy: +16.1%

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.

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