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 August increasing 8.7% over the year.
Senator Rick Scott said, “Yesterday, after yet another inflation report showed that prices were up again, Joe Biden and the Democrats here in Washington threw a big party at the White House. Here’s the message they are sending to American families: WE DON’T CARE ABOUT YOU OR YOUR PROBLEMS. Growing up, my family was poor and we lived in public housing and we had to watch every penny we spent. I can’t imagine what my mom would think seeing a President of the United States pop champagne while she could barely afford to feed her kids. But that’s exactly what’s happening all across this country.
“To add insult to injury, Biden continues to claim that the economy is great and that tons of jobs are being created. That’s a lie and here’s what he’s not telling you: full time jobs are way down and it’s only part time jobs that are growing. Full-time jobs fell by 242,000 in August ALONE. Self-employment is DOWN. Today’s PPI report tells you why businesses are cutting jobs – costs are still skyrocketing higher every month and businesses, especially our small businesses, are being forced to cut costs. So now Americans are being forced to take multiple part-time jobs just to get by. That’s the result of Joe Biden’s terrible economy and it’s killing the American Dream for families all across our country. When Republicans retake the majority in 2023, we’ll end this reckless, inflation-fueling spending, fix this broken economy and deliver power back to the American people, where it belongs.”
According to today’s PPI release, price increases over the year in August included:
- Eggs: +104.7%
- Home Heating Oil: +59.2%
- Turkey: +39.5%
- Tires: +14.3%
- Home Furniture : +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.