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 4.6% over the year. Since Joe Biden became president, PPI has risen 20.6% over the past two years.
Senator Rick Scott said, “When I see the monthly inflation reports, I think about my mom. She worked tirelessly to make ends meet and teach us that if you keep working, anyone can live the American dream. Sadly, that’s not as true today as it was then. Thanks to Joe Biden’s radical agenda and addiction to reckless government spending, American families are struggling and watching opportunities disappear. We have $31 trillion in federal debt. We have high inflation, reckless spending, high interest rates, high credit card debt. Before we know it, the American dream will be dead. And somehow, Biden just doesn’t seem to care. We see that with the $6.8 TRILLION budget he proposed, just chock full of tax hikes, budget gimmicks and wasteful spending that will only make things worse. Biden has turned his back on American families and now Republicans must unite, stop caving and fight back. If we want to get Americans back to work, Congress needs to do its job first, force spending reform and return fiscal sanity back to Washington.”
According to today’s PPI release, price increases over the year in February included:
- Eggs: +38.2%
- Vegetables: +26.2%
- Transportation: +22.2%
- Construction: +12.0%
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.