WASHINGTON, D.C. – Today, following the latest Producer Price Index release from the Bureau of Labor Statistics (BLS), Senator Rick Scott released the below statement demanding that President Biden and Congressional Democrats take immediate action to combat the impacts of rising inflation which disproportionately hurts small businesses and low and fixed-income families. Today’s BLS data shows clearly that American producers are charging more for their goods, thereby increasing the prices American families and small businesses will pay for everything from basic business supplies to groceries. According to the BLS, the final demand index moved up 4.2% for the 12 months ended in March, the largest advance since rising 4.5% for the 12 months ended September 2011.

 

Senator Rick Scott said, “For months I have been calling on President Biden, members of his administration and the Federal Reserve to face the facts and lay out a plan to fight inflation and its negative impacts on American families and small businesses. When inflation rises, the prices of every day goods, like groceries and essential business supplies, go up making it harder for folks to make ends meet. I grew up poor and watched my parents struggle to put food on the table. I know just how much a slight rise in prices can hurt a family because I saw it every day growing up.

 

“Biden's ignorance on inflation is not only wrong, it’s dangerous. The president's refusal to address this critical issue has a direct negative effect on Floridians and families across our nation, and hurts low and fixed-income Americans the most. It’s time for Biden to wake up from his liberal dream and realize that reckless spending has consequences, inflation is real and America’s debt crisis is growing. Inflation is rising and Americans deserve answers from Biden now.”

 

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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