UK Inflation Slows Slightly but Remains in Double Digits, Driven by High Food Costs

UK inflation rate slowed to 10.1% in March, but still persists in double digits.
Food costs continue to keep inflation high, with bread and cereal price inflation at a record high.
Core inflation, excluding food and energy prices, was 6.2% .
The UK inflation rate is still high compared to international peers.
Uncertainty remains about how quickly the pace of price increases will return to the central bank's 2% target.