Is this after a flight or upon initial startup prior to a flight?
It is not uncommon for the altitude readout to be off a bit after a flight upon landing at the same Home Point from which it took off. The tolerances are not perfect in that regard.
If this is on initial startup, it should indicate 0', assuming startup occurred while the copter was sitting undisturbed. I would do a fresh IMU calibration on a perfectly level surface as the first step. If this does not correct the issue, I would then do a firmware refresh followed by another IMU calibration. These steps can actually correct many of the odd glitches that occur from time to time. Kepp us posted.