UK inflation dips but remains above 10%

Soaring food prices meant the cost of living rose more than expected last month with inflation remaining above 10%.

Inflation, which measures the rate of price rises, fell to 10.1% in the year to March from 10.4% in February.

Food prices rose by at 19.1%, increasing by their fastest rate in 45 years.

Inflation is widely expected to continue to fall this year.

However, falling inflation doesn't mean prices are on their way down too. Prices are still rising sharply compared with a year ago, just at a slower rate.

The figure is also well above the Bank of England's target of 2%.

Chancellor Jeremy Hunt said the figures "reaffirm exactly why we must continue with our efforts to drive down inflation so we can ease pressure on families and businesses".

He added that the UK is "on track to do this", with the independent Office for Budget Responsibility predicting inflation will halve this year.