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 March increasing 11.2% over the year, the largest annual increase since BLS started collecting PPI data.

Senator Rick Scott said, “Yesterday’s Consumer Price Index (CPI) report showed another month of skyrocketing inflation under Joe Biden’s failed presidency. Instead of owning the crisis it created, the Biden administration wildly claimed that anyone blaming the president is ‘in lockstep with Putin.’ It’s an embarrassing example of how out of touch Biden’s administration is with reality. When food banks in Florida are trying to serve more families and struggling to keep up with rising prices, they demand action. When a working mom, like mine growing up, is forced to make the impossible choice of putting another gallon in the tank or buying what she needs to feed her family, she wants leadership, not finger pointing. I hear it every week from families in my state. Floridians are SICK AND TIRED of watching Blame-Game-Biden duck responsibility for the crisis he has created. This week’s CPI and PPI reports prove that Biden’s reckless tax-and-spend agenda has been a disastrous failure. The president can cast blame all he wants, but he can’t hide from the truth and Florida families don’t believe his lies.”

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

• Automobiles: +121.2%
• Home Heating Oil: +105.9%
• Gasoline: +59.9%
• Truck Transportation: +24.5%
• Construction: +16.7%
• Food: +16.2%

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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