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UK CPI inflation held at 3% in February, unchanged from January and in line with forecasts, with core inflation rising to 3.2%. It was the last monthly reading before the Iran war, and inflation is expected to rise as energy prices climb.
Expected UK inflation acceleration from energy prices raises the likelihood of tighter policy and supports sterling. The effect on feed commodity prices is indirect.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.