Breakfast Briefing | 13 May 2026 | US Inflation Hits Three-Year High

US inflation has climbed to a three-year high of 3.8 percent, driven by surging fuel and electricity costs with no clear relief in sight from the Middle East. Here in Australia, business margins are under pressure as cost growth outpaces pricing power. Plus, Japan's household spending is falling, Germany surprises to the upside, and markets are repricing rate cut expectations.Today's briefing covers:US CPI hits 3.8 percent in April, a three-year high, as fuel costs jump nearly 18 percentAustralian NAB survey shows purchase cost growth running at 4.5 percent, well ahead of price growthJapan's household spending falls 2.9 percent in March, the fourth straight monthly declineGerman business sentiment improves unexpectedly in MayUS 10-year Treasury yield at 4.47 percent, Australian 10-year at 5.08 percentWTI oil at just over US$101.50 a barrel, AUD at 72.2 US centsRead the full Briefing report with source links at https://www.interest.com.au/economy/656/us-inflation-rises-trumps-adventure-consequences-global-wheat-corn-output-fall-japanCheck the latest home loan and term deposit rates at interest.com.au#BreakfastBriefing #AustralianEconomy #Inflation #InterestRates #USInflation #RBA #OilPrices #AUDollar #BondYields #FinanceNews