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UK annual CPI inflation was 3.4% in May, in line with expectations. The ONS had earlier overstated the April figure because of a car tax data error.
Core inflation also rose, which keeps the Bank of England cautious about cutting rates.
Sticky UK inflation delays BoE rate cuts and supports sterling, which changes the cost of dollar-priced feed imports for UK buyers. The direct effect on feed prices is small.
cnbc.comHolly EllyattJun 18, 2025Not 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.
