(AdvancingTime Blog)
CNN reported the following:
US inflation rose to 3.8% in April, eroding Americans’ paychecks
May 12, 2026
For the first time in three years, Americans’ wages are no longer outpacing inflation.
Prices rose 0.6% on a monthly basis, driving the annual rate to 3.8%, the highest since May 2023, according to the latest Consumer Price Index data released Tuesday by the Bureau of Labor Statistics.
Economists had expected prices to rise 0.6% from March and for the annual rate to climb to 3.7%.
Prior to the late-February US-Israeli strikes on Iran, inflation had eased to 2.4%. Now, the energy price shock from the Iran war is further compounding longstanding affordability concerns for Americans weighed down by years of fast-rising prices. https://www.cnn.com/2026/05/12/economy/us-cpi-inflation-april
‘My life is not affordable. No one cares’
76% of Americans call cost-of-living issues their biggest economic problem
May 12, 2026
“It’s more expensive to exist.”
“You’re just staying afloat instead of getting ahead.”
“It should not be like this.”
Those responses to a new CNN poll sum up Americans’ feelings about the economy: They just feel stuck. …
Americans from all backgrounds name cost of living as their primary financial concern in an open-ended question.
Worries about the costs of food and gas are particularly prominent, with the share specifically naming gas prices rising from 5% a year ago to 23% now. https://www.cnn.com/2026/05/12/politics/cost-of-living-us-financial-problem-vis
Increased inflation is an unintended consequence of the Iran war.
Here is something from my free 2025 eBook Unintended Consequences and Donald Trump’s Presidency:
As president again, Donald Trump will have to deal with the fact that the USA is the most indebted nation in the history of humanity and that such debt is expected to increase.
Debt is a prophesied problem (cf. Habakkuk 2:6-8).
The time will come when the government of the USA will no longer be able to borrow at low enough interest rates and/or it will create more money to continue.
Make no mistake about it, although Donald Trump has proposed some policies that could reduce inflation, massive inflation is coming. … tariffs are inflationary. …
Inflation will eventually hit the USA extremely hard. As the world becomes less attached to the American dollar, many financial jobs and opportunities will be in places other than the USA. Eventually, but not yet, the USA dollar will become worthless.
Will it always be straight downhill for the economy of the USA?
No.
There are some reasons to have some temporary optimism. Proposed reductions in government regulations are expected to boost the economy. In addition, technological and other developments may temporarily support the U.S. economy—as can reductions of regulatory burdens.
Some policies of Donald Trump’s may help. …
Donald Trump loves debt, which the Bible condemns as a curse (Deuteronomy 28:15,44). He has proposed many things that are expected to greatly increase the debt of the USA. …
The debt situation of the USA is putting it at risk of being unable to recover should it be hit by weather problems, terrorist acts, war, riots, solar flares, severe earthquakes, civil unrest, devastation of its genetically-modified food supplies, food shortages, and/or various pestilences–. A combination of these events would lead to an intensity of “sorrows” such as Jesus discussed in Matthew 24:4-8, leading up to the time of the Great Tribulation.
The history of the US government increasing debt is setting the stage for more inflation.
If the economy slows down more, the media and the populous will demand more ‘stimulus’ –which means more debt.
Sadly, many in the media and government act like printing up money (as well as increasing the tax burden) is really the solution for the US economy because of their views of government and the economy.
But there is a real risk of massive inflation–and ultimately destruction.
Related to inflation, we put out the following video:
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.
There are disastrous changes that will come to the USA (Daniel 11:39; see also USA in Prophecy: The Strongest Fortresses)–and its debt and other monetary practices–which one day will cause massive hyperinflation–will be a cause (cf. Habakkuk 2:6-8; see also USA in Prophecy: The Strongest Fortresses).
But since many leading so-called ‘economists’ are political hacks and/or have a political agenda, do not expect too many prominent ones to have sufficient influence to resolve the problems in the USA.
The truth is that the USA is setting itself up for massive inflation and destruction.
Hyperinflation will hit the USA and its results will be worse than almost anyone realizes.
Some items of possibly related interest may include:
When Will the Great Tribulation Begin? 2026, 2027, or 2028? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? A short video is available titled: Countdown to the Great Tribulation.
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Is Donald Trump going to save the USA or are there going to be many disastrous unintended consequences of his statements and policies? What will happen? This is a free eBook.