How did the Office for National Statistics make an error with UK inflation?

There was renewed scrutiny over the credibility of figures produced by the Office for National Statistics (ONS) after the government body admitted an error in its inflation calculations for April. According to the ONS, the issue arose after the government overstated the number of vehicles subject to the vehicle excise duty. The UK stats body revealed that the error with data provided by the Department for Transport meant the figure for consumer price inflation was 0.1 percentage point higher in a publication released last month. It added that it would not amend the inflation rate of 3.5 per cent down to 3.4 per cent due to its own policies and procedures on consumer prices. Click the link in our bio to get more of the story 🔗 #news #uk #uknews #inflation #finance #financialnews #money #economy #economics #ukeconomy #busines #officefornationalstatistics #ons #tax #vehicle #car