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. December’s PPI data shows that there has been a significant rise in inflation during the Biden-Harris administration. Over the year, PPI has increased 3.3% and since President Biden and Vice President Harris took office, PPI inflation is up 20.7% percent.

Senator Rick Scott said, “After four years of Joe Biden's economic agenda and 20.7% inflation, families will finally see relief under President Trump. The American people have had enough of the reckless Biden-Harris policies killing the American Dream and fueling price hikes, leaving too many families and businesses struggling to make ends meet. I look forward to working with President Trump as he takes office with a mandate for change and solving problems for the American people."

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

• Eggs: +127.9%
• Coffee: +13.1%
• Beef: +6.2%
• Fruit: +17.3%
• Dairy: +4.8%

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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