Duval Times

WASHINGTON, D.C. - The latest Producer Price Index (PPI) release from the Bureau of Labor Statistics (BLS) has revealed that inflation continues to rise, causing concerns for small businesses. Since President Joe Biden took office, the PPI has increased by 17.4%, according to Senator Rick Scott.

Senator Rick Scott expressed his concerns about the impact of rising prices on small businesses and families in Florida. He highlighted the struggles they face in affording their daily expenses and the additional burden imposed by inflation. He emphasized the need to address the issue of inflation and called for an end to what he referred to as "Bidenomics."

Senator Scott, who grew up in a low-income household, shared his personal experience of witnessing his mother's struggles to make ends meet. He expressed his anger at seeing others going through the same hardships, especially during the holiday season. He emphasized the importance of fiscal responsibility and vowed to continue fighting against wasteful spending in Washington that contributes to the inflation crisis.

The PPI release for November highlighted significant price increases in various categories. Beef prices rose by 25.6%, cleaning supplies by 15.4%, fruits and vegetables by 9.6%, coffee by 6.4%, pet food by 6.0%, tools by 5.9%, and soap and detergent by 4.7%. These price hikes further exacerbate the financial burden on small businesses and consumers.

Senator Scott has been actively urging action to address America's debt crisis and the harmful effects of inflation. He has consistently advocated for fiscal responsibility and has called for measures to tackle inflation. Interested individuals can find a comprehensive list of his statements and actions on this issue on his website.

In conclusion, the latest PPI release has revealed a continued rise in inflation, causing concerns for small businesses and families. Senator Rick Scott has voiced his concerns and called for fiscal sanity to address the inflation nightmare. The significant price increases in various categories further highlight the urgent need for action to alleviate the burden on small businesses and consumers.

To find out more, go to this link: https://www.rickscott.senate.gov/2023/12/sen-rick-scott-ppi-inflation-report-shows-high-prices-are-still-crushing-small-businesses