Press Releases

Sen. Rick Scott: April PPI Report Further Confirms Reality of Biden’s Inflation Crisis

May 13, 2021

WASHINGTON, D.C. – Today, following the latest Producer Price Index (PPI) release from the Bureau of Labor Statistics (BLS), Senator Rick Scott released the below statement reiterating his calls for President Biden and the Democrats to finally ditch their reckless and wasteful spending plans which have caused this crisis. Today’s BLS data, in conjunction with yesterday’s Consumer Price Index data, again proves that prices are rising for families in Florida and across the nation – hurting America’s low and fixed-income families the most. According to the BLS, the PPI final demand index moved up 6.2% for the 12 months ending in April, the largest advance since 12-month data were first calculated in November 2010.

 

Senator Rick Scott said, “April’s Producer Price Index data confirms what I have been warning about for months – President Biden and the Democrats’ reckless spending and blatant disregard for fiscal responsibility has created an inflation crisis in America. While Biden claims to be focused on lifting up American families, his policies are having the opposite effect and are hurting small businesses and low and fixed-income families the most.

 

“Every day that Biden remains ignorant to the impacts of inflation is devastating to families in Florida and across America. Over the year, meat product prices have grown 16% and bread and grain prices have jumped 68%. Price increases like these have an immediate and significant negative effect on so many families. I saw it firsthand growing up in public housing and watching my parents struggle to make ends meet. We need answers now on how Biden will address the inflation crisis he has created and protect families.”

 

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:

 

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