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). Senator Rick Scott released the below statement highlighting the need to implement substantive fiscal reforms to end the ongoing inflation crisis fueled by the Biden administration’s reckless tax-and-spend agenda. March’s PPI data shows that there has been a significant rise in inflation during Biden’s presidency. Since Biden took office, PPI is up 19.0%.

Senator Rick Scott said, “Florida’s small businesses, like small businesses all around the country, have now suffered for more than three years under a failed ‘Bidenomics’ agenda. Today’s inflation report only confirms that prices are still rising and hard times are still here for small businesses. When I travel around the state, I constantly hear how hard it is for folks to make ends meet at home and for their business. It makes me think of my mom and how I watched her struggle to keep food on the table for us when I was growing up. Biden’s skyrocketing inflation is a massive problem for every Floridian and I am fighting like hell to stop the reckless spending fueling it. If we want to protect the American Dream for Florida families, we need new leadership in the White House that will bring fiscal sanity back to Washington and end Biden’s inflation nightmare.”

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

• Fresh Vegetables: +26.4%
• Chicken: +21.8%
• Beef: +12.4%
• Pork: +7.8%
• Coffee: +6.9%
• Electricity: +3.9%

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 and HERE for Senator Scott’s Quarterly Economic Snapshot.

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