WASHINGTON, D.C. – Today, with Thanksgiving around the corner, 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 October increasing 8.0% over the year.
Senator Rick Scott said, “President Biden and Democrats in Washington are obsessed with spending money that we don’t have and it’s crushing small businesses and hardworking families in every community across America. Joe Biden’s inflation is making the American Dream unreachable for too many, especially poor families like the one I grew up in. It is time to stop this Biden spending spree once and for all, and it is beyond time to give struggling families a break. The only way to curb record-high costs is to demand fiscal responsibility that will finally end this national nightmare, and that is exactly what I am fighting to do.”
According to today’s PPI release, price increases over the year in October included:
- Eggs: +157.9%
- Home Heating Oil: +62.2%
- Vegetables: +45.8%
- Turkeys: +39.9%
- Grains: +28.8%
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.