Sen. Rick Scott on PPI Inflation Report: Biden’s Inflation Tax is Crushing American Job Creators

August 11, 2022

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 9.8% in July.

Senator Rick Scott said, “Job creators in Florida and across America are struggling. Prices aren’t dropping, hiring is harder than ever and now Democrats are pouring salt in the wounds of our businesses by raising taxes and greenlighting even more inflation-fueling spending. This is what happens when you have a president who has never run a business, an administration filled with lifelong bureaucrats and a Congress led by career politicians. The only way things will get better is if we stop the reckless government spending, balance the budget and put folks who have commonsense and give a damn back in charge. Joe Biden and the other so-called ‘leaders’ in Washington right now haven’t got a clue and it’s time they put our country first and step aside.”

According to today’s PPI release, price increases over the year in July included:

  • Eggs: +171.5%
  • Home Heating Oil: +77.9%
  • Fresh Vegetables: +61.5%
  • Gas: +48.9%
  • Turkey: +42.8%
  • Building Materials: +22.7%
  • Airline Services: +22.6%
  • Dairy: +21.3%
  • Overall Food: +15.0%

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.