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UK consumer price inflation unexpectedly rose to 2.1% in May, above the Bank of England's 2% target, after April's 1.5%. Further increases are expected as the economy reopens.
Higher UK inflation feeds into the Bank of England's rate outlook and sterling, but it has no direct effect on feed commodity supply or prices.
reuters.comWilliam Schomberg, David MillikenJun 16, 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.
