Duval Times

Senator Rick Scott issued a statement today in response to the latest Producer Price Index (PPI) release from the Bureau of Labor Statistics (BLS). The data highlights a significant rise in inflation during the Biden-Harris administration, with a 2.2 percent year-over-year increase in July. Since President Biden and Vice President Harris took office, PPI inflation has risen by 20 percent.

"Biden-Harris Price Hikes continue to increase prices of goods and services, making it harder for small businesses and families to make ends meet," said Senator Scott. "Every increase in costs is a burden for small businesses and when these folks face the historic inflation caused by Biden-Harris Price Hikes, those skyrocketing costs can quickly force them under."

Scott emphasized that "under the failure of Bidenomics and the resulting Biden-Harris Price Hikes, the American Dream is growing further out of reach while families are having to choose which bills to pay this month and whether they can afford new school supplies for their children." He stressed that fighting inflation is essential for protecting opportunities for every family, including those like his own who grew up in public housing.

"We can make Washington work for Florida families, and that starts with ending the reckless spending that is spiraling our country and too many American families into financial ruin," Scott stated. "That’s why I am fighting to bring fiscal sanity back to Washington and I won’t stop until it happens."

The PPI release indicated price increases over the past year in July included:

- Fruit: +4.4%

- Eggs: +80.4%

- Pork: +12.3%

- Chicken: +10.5%

- Dairy: +9.4%

- Coffee: +9.1%

Since being elected to the U.S. Senate, Senator Scott has consistently called for action to address America's debt crisis and mitigate the harmful effects of inflation.