CPI inflation slowed slightly last month, falling to 10.1% in March from 10.4% in February on the back of lower petrol prices.

CPI inflation dropped back to 10.7% in November - from 11.1% in October - as petrol prices fell.

CPI inflation increased by 10 basis points from 9% to 9.1% in May, ONS reported today.

Retirement income planner Chancery Lane, run by Chartered Financai Planner Doug Brodie FPFS, has launched a free online tool on its website which enables income seeks to model historical investment income versus RPI (Retail Prices Index), the older measure of inflation still used for many pensions.