Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- The Trouble With Butter: Tight Dairy Supplies Send Prices Surging Ahead of Baking Season
- Tight supplies have sent butter prices soaring at U.S. supermarkets, surpassing most other foods in the past year. U.S. grocery prices in August rose 13.5% during the past 12 months, the largest annual increase since 1979, according to the Labor Department. Butter outstripped those gains, rising 24.6% over the same period.
- On average, butter prices hit $4.77 per unit in the four-week period ending Aug. 27, the highest level since at least 2017, according to Nielsen.
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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:
- German retailer Aldi Nord to raise prices by 20-50% on Monday
- Meat, sausage products, butter to be more expensive amid rising production, energy costs due to Russia-Ukraine war, says spokesman
- “Since the beginning of the war in Ukraine, we’re witnessing jumps in purchase prices that we have not experienced in this way before,” said spokesman Florian Scholbeck.
- Meanwhile, the German Retail Federation (HDE) has warned that the price hikes are likely to continue in the coming days in almost all supermarkets due to the effects of Russia’s war on Ukraine and increase in energy costs.
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