I Prayed have prayed
Father, our economy is in trouble, and we need your help. Rein in bad fiscal policies, and give us leaders with your wisdom and godly restraint with the nation's finances.
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Inflation is worse than ever and prices will likely continue to rise. This is another bad sign for our nation. It has to be addressed.

From Fox Business. Inflation accelerated more than expected to a new four-decade high in June as the price of everyday necessities remains painfully high, exacerbating a financial strain for millions of Americans and worsening a political crisis for President Biden.

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The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods, including gasoline, groceries and rents, rose 9.1% in June from a year ago. Prices jumped 1.3% in the one-month period from May. Those figures were both far higher than the 8.8% headline figure and 1% monthly gain forecast by Refinitiv economists….

So-called core prices, which exclude more volatile measurements of food and energy, climbed 5.9% from the previous year. Core prices also rose 0.7% on a monthly basis – higher than in April and May – suggesting that underlying inflationary pressures remain strong and widespread.

Price increases were extensive, suggesting that inflation may not be near its peak: Energy prices rose 7.5% in June from the previous month, and are up 41.6% from last year. Gasoline, on average, costs 59.9% more than it did one year ago and 11.2% more than it did in May. The food index, meanwhile, climbed 1% in June, as consumers paid more for items like cereal, chicken, milk and fresh vegetables….

Rent costs also surged in June, jumping 0.8% over the month, the largest monthly increase since April 1986….

Rampant inflation, and the rapid dissolution of Americans’ buying power, has become a major political liability for Biden ahead of the November midterm elections, in which Democrats are expected to lose their already razor-thin majorities. Surveys show that Americans see inflation as the biggest problem facing the country – and that many households blame Biden for the price spike.

The president has blamed higher prices on greedy corporations, supply chain bottlenecks and other pandemic-induced disruptions in the economy, as well as the Russian war in Ukraine. Most economists now agree that unprecedented levels of government stimulus, and a stronger-than-expected recovery from the pandemic, have also played at least some role in exacerbating the price spike.

How are you praying over inflation in our country? Share your thoughts and prayers below.

(Excerpt from Fox Business. Photo Credit: Canva)

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Kathy Emahiser
July 15, 2022

Father, this inflation problem by no means come as a surprise to you. You have the solution to this problem. I pray that our leaders will seek you for wisdom and guidance, and I also pray that the body of Christ will shine brightly as we trust you as our source of provision. When the unbelievers see you provide for your children regardless of the condition of the economy, they will know that we serve a caring, loving Father who takes care of his own. In Jesus name I pray with thanksgiving, Amen.

Stephen Swanson
July 15, 2022
July 15, 2022

Keep me, O Lord from the hands of the wicked, preserve me from the violent ones, who have purposed to overthrow my goings. O God the Lord, the strength of my salvation, you have covered my head in the day of battle. Grant not, O Lord, the desires of the wicked, further not their wicked devices, lest they exalt themselves. Let not an evil speaker be established in the earth; evil shall hunt the violent ones to overthrown them. Surely the righteous shall give thanks to your name, the upright shall dwell in your presence.
Psm 140: 4,7,8,11,13.

July 15, 2022

Heavenly Father, may You intervene in the dire situation of our nation and provide for us. I pray that the people will not suffer in vain, but will be turned to You and know Your truth and Your power. May You give wisdom and understanding to the Biden government and bless the Americans through him. And give us Christians that urge and zeal continue to cry out to You! Strengthen us, please! We know You work through our prayer. Help us stay awake always! In Jesus’ name, amen!


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