Duval Times

Today, Senator Rick Scott issued a statement following the latest Producer Price Index (PPI) release from the Bureau of Labor Statistics. The data highlights what he describes as a need for fiscal reforms to address inflation, which he attributes to the Biden-Harris administration's policies. According to October's PPI data, inflation has risen significantly since President Biden and Vice President Harris assumed office, with an increase of 20.5 percent.

Senator Scott stated, "The American people have suffered every single day under the Biden-Harris administration thanks to the failed policies that have caused record inflation. PPI inflation is up more than 20 percent since this disastrous administration took office, but President Biden and Vice President Harris have shown they have no plan or desire to stop it." He expressed concern about small businesses struggling with what he terms "Biden-Harris Price Hikes" and noted his personal experience with financial struggles during his childhood.

Scott further commented on his expectations for change when "President Trump takes office in January," expressing confidence that this will end what he calls the "Biden-Harris inflation catastrophe."

The PPI report indicates significant price increases over the past year for various goods: eggs rose by 98.2%, coffee by 14.5%, pork by 12.4%, vegetables by 12.1%, and fruit by 7.8%.

Since joining the U.S. Senate, Scott has consistently called for action on America's debt crisis and its impact on inflation.