Holger Zschaepitz(@Schuldensuehner):OUCH! US inflation jumped to 3.8% in April, up from 3.3% in Mar and above Wall St’s 3.7% forecast. That is the highest level in 3yrs. The main driver was a surge in petrol prices after President Trump’s war in Iran pushed up oil prices, adding fresh pressure to America’s cost-of-living crisis. But the most worrying detail was shelter inflation: housing costs rose 3.3% YoY, showing that underlying price pressures remain sticky. Core CPI was +2.8%, up from +2.6% in Mar and above Wall St’s +2.7% forecast.

Holger Zschaepitz

@Schuldensuehner

Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics:

Joined May 2009

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Holger Zschaepitz@Schuldensuehner

2026.05.12 14:42

OUCH! US inflation jumped to 3.8% in April, up from 3.3% in Mar and above Wall St’s 3.7% forecast. That is the highest level in 3yrs. The main driver was a surge in petrol prices after President Trump’s war in Iran pushed up oil prices, adding fresh pressure to America’s cost-of-living crisis. But the most worrying detail was shelter inflation: housing costs rose 3.3% YoY, showing that underlying price pressures remain sticky. Core CPI was +2.8%, up from +2.6% in Mar and above Wall St’s +2.7% forecast.