UK inflation for March has come in at 10.1% which is a drop from the previous month of 10.4%. Whilst this is a positive move down it was not the drop the market was hoping for which was for a print of 9.8% to get UK inflation into single digits. This puts the Bank of England firmly in the frame to raise rates once again, possibly by half a percentage point, to combat what is proving to be a resilient inflation issue in the UK.