Soaring prices for bread, cereal and chocolate meant the cost of living rose more than expected last month.

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

However, it was widely expected to fall below 10%, but food prices continued to soar, rising at their fastest rate in 45 years, the BBC reported

Falling inflation doesn't mean prices are falling, but just that the rate of price rises is slowing.

Grant Fitzner, chief economist for the Office for National Statistics, which provides the figures, said globally food prices were falling, but that had not yet led to price cuts.

Chancellor Jeremy Hunt said he was still confident that inflation would fall sharply by the end of the year.

He said: "We have a plan and if we're going to reduce that pressure on families, it's absolutely essential that we stick to that plan, and we see it through so that we halve inflation this year as the Prime Minister has promised."

But Rachel Reeves, Labour's shadow chancellor, said the reality was that under the Tories the economy was weaker, prices were out of control and people had never paid so much to get so little in return.

Inflation in the UK remains higher than in other Western countries, including the US, Germany, France and Italy.

Factors behind this include the UK's exposure to rises in wholesale gas prices, its reliance on imports of certain foods, and worker shortages and wage rises, the BBC said.