The float, or the *output* of the float?
If you are looking to keep the "float" down to that size--complete with rounding--then what you want is
NSDecimalNumber. This will allow you to do fixed precision arithmetic.
If you want to change the output, that's a slightly easier problem: Use [NSString stringWithFormat:@"%.1f,f]. The .1f comes straight of printf string formatting guidelines and there's a String Formatting Guide you can find in your documentation.
Hope that helps.