How to Save for an Emergency Fund With Inflation

With inflation so high, does it still make sense to save an emergency fund in cash? I'm a bit more on the cautious side with my emergency fund. It's currently sitting as cash in a couple of bank accounts,. One of which gives 1.2% interest rate. So clearly it's losing money. Chances are, since Deirdry wrote this, it's probably gone up a bit, the interest rate, but still probably losing money. Is cash still the best place to leave it? Before we answer that, here's another one from Johnny. Hey Pete, I would class myself as financially literate. Testament to that is the reason I have my laptop opened this lovely