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:

• US Inflation Reached a New 40-year High in June of 9.1%
• Consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981, and up from an 8.6% jump in May. On a monthly basis, prices rose 1.3% from May to June, another substantial increase, after prices had jumped 1% from April to May.
• In addition, shipping costs and commodity prices have begun to fall. Pay increases have slowed.
• For now, the relentless spike in inflation has caused a steep drop in consumers’ confidence in the economy, sent President Joe Biden’s approval ratings tumbling, and posed a major political threat to Democrats in the November congressional elections.
• Housing, in particular, has been seized by some of the highest inflation rates in the economy, causing hardships for many.
• The national median home price jumped 14.8% in May from a year earlier to $407,600.

Read the original article by clicking here.