Economy 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:

• Ukraine war to cause biggest price shock in 50 years – World Bank
• The war in Ukraine is set to cause the “largest commodity shock” since the 1970s, the World Bank has warned.
• Energy prices are set to increase more than 50%, pushing up bills for households and businesses, the World Bank says.
• The biggest rise will be in the price of natural gas in Europe, which is set to more than double in cost. Prices are forecast to fall next year and in 2024, but even then will remain 15% higher than they were last year.
• Wheat is forecast to increase 42.7% and reach new record highs in dollar terms.
• 3% for barley, 20% for soybeans and 29.8% for oils and 41.8% for chicken.

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