Sen. Rick Scott on PPI Inflation Report: Bidenomics is Bankrupting Small Businesses and Florida Families

August 11, 2023

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. Since Joe Biden became president, PPI has risen 16.9%.

Senator Rick Scott said, “This week I have been traveling the state to hear from Floridians and share how I am fighting every day to make Washington work for them. Unfortunately, times are really tough for families in my state. Inflation is hitting them every day—and costing Florida families an extra $1000 PER MONTH. That's the cost of Bidenomics.

“Recently, I heard from a Floridian from Naples who runs a salon in town. She operates her business very responsibly but has had to raise her prices because of the rapidly increasing cost of supplies and her business has slowed down. She has even gone without a paycheck to keep her doors open… and she doesn’t know how much longer she can do that. Her story is the reality of small-business owners across the country who are feeling the impacts of this administration's tax-and-spend agenda that is robbing them of their American Dream. It must stop. I will never stop fighting for Floridians. Enough is enough, Bidenomics is bankrupting America.”  

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

  • Beef: 19.2%
  • Vegetables: +11.9%
  • Soap: 11.9%
  • Rice: 11.4%
  • Coffee: +7.9%

 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.