Duval Times

Senator Rick Scott has voiced concerns over the latest Producer Price Index (PPI) data, emphasizing the need for fiscal reforms to address what he describes as an ongoing inflation crisis. The report from the Bureau of Labor Statistics indicates a 3.3% increase in PPI over the past year, with a total rise of 20.7% since President Biden and Vice President Harris assumed office.

Scott stated, “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." He expressed his intent to collaborate with "President Trump as he takes office with a mandate for change and solving problems for the American people."

The PPI release highlighted significant price increases in various sectors: eggs surged by 127.9%, coffee rose by 13.1%, beef increased by 6.2%, fruit went up by 17.3%, and dairy climbed by 4.8%.

Throughout his tenure in the U.S. Senate, Scott has consistently called for measures to tackle America's debt crisis and mitigate inflation's adverse effects.