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 over the year, increasing 11.3% in June.
Senator Rick Scott said, “Joe Biden’s raging inflation is bankrupting families across this nation. The inflation hitting families right now is Joe Biden’s fault – full stop. Let’s think about how this is hurting families in my state. At current inflation levels, Florida households are paying more than $9,000 extra per year for everyday goods like groceries and gas since Biden took office. That’s nearly $800 in extra costs EVERY MONTH and what does Joe Biden want to do next? Raise taxes on EVERY AMERICAN FAMILY. It’s a shameful plan, especially given that Biden’s incompetence and failure to stop inflation has already created another new tax—an inflation incompetence tax—for every hardworking Floridian. Biden needs to face the facts: his reckless spending is exactly what is causing this crisis, his 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. Americans are smart—they know Joe Biden is asleep at the wheel. He needs to wake up or resign immediately.”
According to today’s PPI release, price increases over the year in June included:
- Natural Gas: +224.5%
- Eggs: +123.1%
- Home Heating Oil: +100.8%
- Gasoline: +86.7%
- Cotton: +70.1%
- Wheat: +64.6%
- Milk: 50.8%
- Building Materials: +22.5%
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.