# 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.

- Date: 2023-01-18 · published 2023-01-18T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/38018-uk-inflation-edges-down-to-10-5-in-december-food-prices-surge
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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

## Read by commodity

- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-07-21 | [Protein inflation surges as costlier fodder pushes up milk, chicken prices - The Economic Times](https://feedsoft.ai/events/18511-protein-inflation-surges-as-costlier-fodder-pushes-up-milk-chicken-prices-the.md) | +0.1% | +5.4% |
| MILK | 2021-11-19 | [US Dairy Prices Jump As Milk Production Growth Slows - EDairy News English](https://feedsoft.ai/events/44199-us-dairy-prices-jump-as-milk-production-growth-slows-edairy-news-english.md) | +0.6% | +3.1% |
| MILK | 2019-04-18 | [Global prices could net $18.60 over the next decade](https://feedsoft.ai/events/59606-global-prices-could-net-18-60-over-the-next-decade.md) | +0.4% | +2.3% |
| MILK | 2016-06-28 | [IFA Says Brexit Concerns Must Not Influence June and Further Milk Price Decisions - Irish Farmers' Association](https://feedsoft.ai/events/4213-ifa-says-brexit-concerns-must-not-influence-june-and-further-milk-price.md) | +13.2% | +15.5% |
| MILK | 2019-01-16 | [Dairy and the cost of production in tough times \| UMN Extension](https://feedsoft.ai/events/61113-dairy-and-the-cost-of-production-in-tough-times-umn-extension.md) | -0.5% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/uk-consumer-price-inflation-105-december-ons-2023-01-18/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.