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The Bank of England's new chief economist said UK inflation could rise above 5% by early 2022. The report cites soaring petrol prices and shortages of lorry drivers and materials as pressures on households and businesses.
Persistent UK inflation raises the likelihood of tighter monetary policy, which can firm sterling and shape UK food and feed cost pressures. Its direct effect on feed commodity prices is limited.
theguardian.comMark SweneyOct 22, 2021Not 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.
