Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

• Wholesale prices rose 10.8% in May, near a record annual pace
• The producer price index rose 0.8% for the month and 10.8% over the past year.
• The monthly gain was in line with estimates and the annual gain was slightly off the record 11.5% hit earlier this year.
• The data is significant in that prices at the wholesale level feed through to consumer prices.

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