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) highlighting the need to implement substantive fiscal reforms to end the ongoing inflation crisis fueled by the Biden-Harris administration’s reckless tax-and-spend agenda. October’s PPI data shows that there has been a significant rise in inflation during the Biden-Harris administration. Since President Biden and Vice President Harris took office, PPI inflation is up 20.5 percent.

Senator Rick Scott said, “The American people have suffered every single day under the Biden-Harris administration thanks to the failed policies that have caused record inflation. PPI inflation is up more than 20 percent since this disastrous administration took office, but President Biden and Vice President Harris have shown they have no plan or desire to stop it. As I travel around Florida and talk to folks, I hear constantly from small businesses that are struggling to stay afloat with Biden-Harris Price Hikes, and that the American dream is being erased from reality as a result. Growing up in public housing, I know firsthand how devastating even small price increases can be for families because I watched my mom struggle with it when I was a kid. When President Trump takes office in January, I am confident we will finally change course and end the Biden-Harris inflation catastrophe that has plagued families and their wallets for the past four years.”

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

• Eggs: +98.2%
• Coffee: +14.5%
• Pork: +12.4%
• Vegetables: +12.1%
• Fruit: +7.8%

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 and HERE for Senator Scott’s Quarterly Economic Snapshot.

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