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), which showed inflation continued to rise in February increasing 10.0% over the year, which is the first double-digit increase in four decades.
Senator Rick Scott said, “February marks another month of skyrocketing inflation under Joe Biden’s failed presidency. Biden and Democrats in Washington think the American people are stupid. They honestly believe they can blame the skyrocketing inflation we have seen month after month for over a year on Putin and just give themselves a free pass for more reckless government spending and radical socialist policies. Here are the facts: Biden’s reckless spending is what is exactly what is causing this crisis, Biden’s war on American energy is significantly contributing to rising gas prices, and hardworking Americans, and poor families like mine growing up, are struggling more than ever. Biden can play the blame game and point fingers all he wants, but the American people can see straight through his lies.”
According to today’s PPI release, price increases over the year in February included:
- Home heating oil: +77.2%
- Gasoline: +60.6%
- Consumer products: +30.4%
- Food: +13.7%
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.