We are seeing food and fuel price inflation in most lands around the world:

UK inflation exceeds 10% as bread and milk prices soar
August 17, 2022
(CNN Business)Inflation in the United Kingdom hit a new 40-year high last month, rising above 10% for the first time since 1982 and piling further pain on households already struggling to pay their bills.
Annual consumer price inflation hit 10.1% in July, according to data published by the Office for National Statistics on Wednesday, up from 9.4% in June. Soaring food prices — up 12.7% since July 2021 — were the largest single contributor to the acceleration in inflation, the ONS said.
The headline inflation number was higher than predicted by a Reuters poll of economists, and food inflation is now running at its highest level in 14 years.
“All the eleven food and non-alcoholic beverage classes made upward contributions to the change in the annual inflation rate, where prices overall rose this year but fell a year ago,” the ONS said. https://www.cnn.com/2022/08/17/economy/uk-inflation-10/index.html
The other reason why food prices are rising
The United Nations’ worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027.
More expensive fertilizers are contributed to those higher costs, with some fertilizers spiking 300% since September 2020, according to the American Farm Bureau.
“Last year [fertilizer] was around $270 per ton and now it’s over $1,400 per ton,” Meagan Kaiser, of Kaiser Family Farms and farmer-director of the United Soybean Board, told NBC’s “Nightly News with Lester Holt.” …
Also factoring into price spikes are rising natural gas costs. https://www.cnbc.com/2022/08/14/the-other-reason-why-food-prices-are-rising.html
August 17, 2022
German power prices surged above 500 euros per megawatt-hour on the European Energy Exchange AG for the first time as the energy crisis worsened.
German year-ahead power jumped 6% to 507 euros per megawatt-hour as there are no signs of the natural gas rally slowing down.
Russia’s reduction of NatGas flows via the Nord Stream 1 pipeline and a scorching summer across Europe have been the main drivers of power prices. Since early June, power prices have risen 173%, pressuring households and businesses with unprecedented costs. https://www.zerohedge.com/commodities/german-power-prices-hit-record-energy-crisis-worsens

Rises in fuel and oil costs also affect food prices.

Inflation is an issue, and yes, there are reasons to believe that the actual inflation rates exceed the official ones in many lands.

Jesus prophesied:

5 … Take heed that no one deceives you. 6 For many will come in My name, saying, ‘I am He,’ and will deceive many. 7 But when you hear of wars and rumors of wars, do not be troubled; for such things must happen, but the end is not yet. 8 For nation will rise against nation, and kingdom against kingdom. And there will be earthquakes in various places, and there will be famines and troubles. These are the beginnings of sorrows. (Mark 13:5-8)

Rises in food and energy prices are troubling. We can expect to see more protests and even civil unrest because of price inflation.

Now, notice that the ride of third horseman of the Apocalypse results in scarcity, inflation, and famine. Revelation 6:5-6 prophesies that there will be food, but that it will be quite expensive (food-price inflation).

5 When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. 6 And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” (Revelation 6:5-6)

Some will thus die, as they will not be able to afford it, while others will survive but struggle.

Also, notice that wheat, barley, and edible oil is listed as shortages associated with the ride of the third horseman. Ukraine is a significant exporter of all of those–or at least is was.

Related to some of this, the Continuing Church of God put together the following video on our Bible News Prophecy YouTube channel:

Russia, Ukraine, Food, & the Ride of the 3rd Horseman of the Apocalypse
Did you know that the sanctioned lands of Russia and Belarus are dominant suppliers of ingredients used in modern fertilizers? Are you aware that the United Nations Food and Agriculture Organization (FAO) estimates that 33% of the farmland in Ukraine may not be planted and/or harvested because of Russia’s ‘special military operation’ in Ukraine? Are parts of the world like Sudan, Lebanon, and the USA experiencing food price inflation? What about impact on the Palestinians in Gaza? Could any of this help lead to the rise of the King of the South? What are some factors that look to increase rice prices? Did Jesus warn of wars and troubles? What are three foods that Ukraine exports that are associated with the shortages and food price inflation of the ride of the third horseman of the Apocalypse? What does Jesus say His followers should do? Dr. Thiel addresses these matters in this video.

Here is a link to the video: Russia, Ukraine, Food, & the Ride of the 3rd Horseman of the Apocalypse.

In the USA, a new law was passed called the Inflation Reduction Act. Many have expressed doubts it will do much related to inflation. Notice the following tweet:

#inflation reduction act pic.twitter.com/C4V7gc1zBQ
— HODL never SODLnaut 丰 🇸🇻 🇨🇫 🇵🇦 ☣️ ∞ (@HODLneverSODL) August 6, 2022

USA President Biden signed it into law yesterday:

August 16, 2022
Sen. Joe Manchin, D-W.Va., on Tuesday admitted that the Inflation Reduction Act won’t “immediately” temper inflation, telling reporters that the necessary investments needed to bring down prices would take some time.

Manchin’s comments came after President Biden signed the landmark climate change and health care bill into law on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda. Though Democrats have labeled the measure the Inflation Reduction Act, nonpartisan analysts have said it will have a barely perceptible impact on prices. …

Asked by Fox News reporter Hillary Vaughn whether it was misleading to call the bill the Inflation Reduction Act because it won’t make everyday goods less expensive, Manchin said, “Why would it?”
“Well, immediately it’s not,” Manchin said. “We’ve never [said] anything would happen immediately, like turn the switch on and off.” https://www.foxbusiness.com/politics/manchin-admits-inflation-reduction-act-wont-tame-inflation-americans-anytime-soon

Supply and demand affect inflation. When there is more money and/or less goods this tends to bring prices up. During COVID, many governments in the world printed up money while their nations also produced less. And yes, Russia’s “special military operation” into Ukraine as well as weather issues are also factors in food and energy price inflation–as have been political decisions including sanctions.

As far as inflation and money goes, the Continuing Church of God (CCOG) put together the following Bible News Prophecy video on our Bible News Prophecy YouTube channel:

Inflation: When Money Fails
Inflation has been higher in 2022 than it has been for decades in the USA, Europe, and many other lands. What are some of the disruptions that inflation can cause? What about hyperinflation affecting places like Venezuela? Did the Book of Haggai predict inflation? Is food price inflation associated with the ride of the third horseman of the Apocalypse? Does sin and government mismanagement cause inflation? Are there physical things one can do about inflation? What about storing food or buying gold? Will gold outlast the USA dollar? Why might some throw their gold in the street as Ezekiel prophesied? What should God’s people do about inflation? What did Jesus teach about food worries? What about seeking the Kingdom of God? Steve Dupuie and Dr. Thiel cover these matters.

Here is a link to our video: Inflation: When Money Fails.

As far as the USA itself goes, notice something from my book Biden-Harris: Prophecies and Destruction:

Make no mistake about it — massive inflation is coming.
The U.S.A. dollar will ultimately crash and be worthless. That “pride” of American power will be broken (cf. Leviticus 26:19). …
Inflation will eventually hit the U.S.A. extremely hard.

The USA inflation rate is now at a 41-year high. In the UK it is at a 40-year high.

Notice also the following:

UK inflation to hit 15% in early 2023, Citi predicts
August 17, 2022
LONDON, Aug 17 (Reuters) – British consumer price inflation is likely to peak at an annual rate above 15% in the first three months of next year unless there are government measures to lower prices, economists at U.S. bank Citi forecast on Wednesday.
Earlier on Wednesday, official figures showed CPI hit 10.1% in July, above all economists’ predictions in a Reuters poll.
“In our view, the composition re-affirms the risk of more sustained domestic inflation. In the absence of offsetting support, we expect CPI inflation to accelerate to over 15% in Q1-23,” Citi economist Benjamin Nabarro wrote in a note to clients. https://www.reuters.com/world/uk/uk-inflation-hit-15-early-2023-citi-predicts-2022-08-17/

Whether or not the UK rate will be 15% next year, there will be more food price inflation. And not just in places like the UK.

Article with related written items and videos: High inflation, Reasons for food price inflation, the Inflation Reduction Act, and prophecy

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