With Americans focused on the recent expiration of Title 42 immigration order, Senator Rick Scott (R-FL) has stayed committed to issuing his monthly report on the nation’s economy numbers under President Joe Biden (D) since he took office in January of 2021.
The Bureau of Labor Statistics (BLS) released its numbers for the months of April which saw a 16.9% increase in the Producer Price Index (PPI) over the past two years. Inflation rose 2.3% over the past year.
PPI is represented by “a family of indexes that measures the average change over time in selling prices received by domestic producers of goods and services.”
Sen. Rick Scott left a scathing review over this month’s report.
“Inflation has been hammering Americans for over two years and Florida families and businesses are sick and tired of struggling to keep up. An analysis from the Joint Economic Committee shows that since Biden took office, families in Florida are paying nearly $1,000 more every month just to maintain their lives. I’m fighting Biden’s reckless spending in the Senate because folks should be able to put money away for retirement, save for the kids to go to college, or for emergencies like a car repair, but they can’t because of Biden’s inflation crisis,” stated Sen. Scott.
The Florida Senator went on to produce his vision for the nation’s fiscal plan for the future.
“I’m fighting to put America back on the path of fiscal sanity so families don’t have to keep tightening their belts and go without and employers don’t have to face the impossible choice of hiking prices, laying off employees—or both. Washington cannot continue down this path of absolute fiscal insanity that is causing American families and businesses to suffer. It is time to get a handle on the country’s finances, reach a responsible agreement on the debt ceiling with needed spending reforms and get our fiscal house back in order," said Scott.
According to the BLS report, PPI prices for vegetables increased over the year by 50.9%, rice increased 20.7%, soap and detergent went up 15.6%, pet food up 14.2%, while construction and tires went up 11.2% and 10.1% respectively.
