Inflation drops to 10.1%: what it means for your money

A woman reading the label on a food item while shopping for groceries in a supermarket

Inflation dropped only marginally in March, and is still above 10%, as soaring prices for food items like bread and fruit pushed up the cost of living.

Data from the Office for National Statistics (ONS) revealed that the consumer prices index (CPI) measurement of inflation dipped slightly last month, from 10.4% in the 12 months to February to 10.1% in the year to March.