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UK inflation drops to 10.1% in March but food inflation soars to 45-year high – business live

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Rolling coverage of the latest economic and financial news, as UK cost of living crisis continues

UK inflation dips slightly but remains in double figures amid cost of living crisis

Food prices accelerated at their fastest rate in over 45 years last month, adding to the inflation pain suffered by households.

Food and non-alcoholic beverages inflation jumped to 19.1% per year in March, today’s CPI inflation report shows. That’s up from 18% per year in February.

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