◂ Event Timeline

Jan 18, 2023MACROUK

UK inflation edges down to 10.5% in December, food prices surge

UK headline inflation eased to 10.5% in December, but food and non-alcoholic beverage prices rose 16.8% year on year, the fastest increase since 1977. The increase was led by eggs, milk and cheese.

WHY IT MATTERS

Sharp UK food inflation reflects tight dairy and egg supply, supporting domestic feed demand and dairy and poultry input costs.

AFFECTSMilk (Class III)▲

SOURCE
reuters.comDavid MillikenJan 18, 2023

Price reaction & history

Milk (Class III)▲bullishSO FAR1d -0.2%5d -0.3%20d -8.0%

After 20 past bullish macro events, Milk (Class III) moved a median +0.1% over 5 sessions (55% higher; middle half -0.1% to +2.4%), and +2.4% over 20.

Jul 21, 2026Protein inflation surges as costlier fodder pushes up milk, chicken prices - The Economic Times+0.1%
Nov 19, 2021US Dairy Prices Jump As Milk Production Growth Slows - EDairy News English+0.6%
Apr 18, 2019Global prices could net $18.60 over the next decade+0.4%
Jun 28, 2016IFA Says Brexit Concerns Must Not Influence June and Further Milk Price Decisions - Irish Farmers' Association+13.2%
Jan 16, 2019Dairy and the cost of production in tough times | UMN Extension-0.5%

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.

Milk (Class III) MILK · GP ▸

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