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 administration’s reckless tax-and-spend agenda. April’s PPI data shows that there has been a significant rise in inflation during Biden’s presidency. Since Biden took office, PPI is up 19.4%.

Senator Rick Scott said, “Today’s PPI inflation report is further proof that President Joe Biden doesn’t care about hardworking Americans. Look at where our country is today: PPI inflation is up 19.4% since Biden took office, more Americans are working multiple jobs to make ends meet, businesses are closing and the American Dream is being traded in for more reckless spending in Washington. That’s the future Biden wants for America. With Biden at the helm, Democrats have made it clear that they want more government, more spending, more debt, higher taxes and they don’t care one bit if that means less freedom and opportunity for you. I grew up in public housing and my mom raised me to believe that I was the luckiest kid in the world because I got to grow up here where anything is possible if you work hard enough. We have to protect that dream for our kids. I won’t stop fighting against Democrats’ tax-and-spend agenda and to protect our American Dream before it is destroyed.”

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

• Eggs: +21.7%
• Pork: +18.3%
• Beef and Veal: +10.8%
• Apparel: +6.4%
• Fruits and Vegetables: +5.8%
• Coffee: +5.4%

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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