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. Since Joe Biden became president, PPI has risen 16.6%.

Senator Rick Scott said, “Since President Biden took office, the key inflation indicator PPI has increased 16.6%. It’s a clear sign that ‘Bidenomics’ is doing nothing but crushing families with high prices. In Florida and all across the nation, families and small businesses have been paying a lot more for way too long. Food banks are busy with people who have never had to turn to charities for food before. The Floridians I talk to have had enough and are sick of hearing Joe Biden brag about an economy that is leaving them with less money and opportunity. The numbers don’t lie and I won’t stop fighting to end the reckless spending that is fueling this inflation nightmare.”

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

• Fresh Vegetables: +21.7%
• Rice: +15.1%
• Beef and Veal: +14.8%
• Pet Food: +9.2%
• Pasta Products: +8.5%
• Residential Electric Power: +7.7%
• Coffee: +5.9%

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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