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Buyers and visitors go to Oxford -Rate on May 4, 2025 in London, UK.
Mike Kemp | In the pictures Gets the image
Error calculating tax on the car has caused an excess of the UK inflation by 0.1 percentage per year to April, the National Statistics Office (ONS) reported on Thursday.
Initially, ONS stated that in April the annual rate in the UK reached 3.5%coming above the expectations of analysts. On Thursday, The Statistics Ordy published revised data, showing that the country’s consumer price index increased by 3.4%12 months before April.
The April revised indicator is over 3.3% of the levels that previously expected Reuters analysts.
Ans published a statement saying that the excise duty (VED) data provided according to statistics was identified in the UK.
“Incorrect data overestimate the number of vehicles subject to excise duty (VED) (VED) used in the first year of registration,” the statement reads.
This has led to an overestimated annual tariffs for the IPC index and retail prices (RPI) by 0.1 percentage points the year before April 2025. No other periods are affected, said ONS.
“In accordance with our Consumer Price Revision Policy, these statistics will not be changed. However, we consider our quality assurance processes for external data sources in light of this issue.”
The mistake is an unwanted smear on the already dashed ons record, which was criticized in some quarters for the accuracy and reliability of its data.
Statistics Agency apologized for the mistake and said it would use properly weighted data from the May 2025 images, “that means that further statistics will not affect.”
CNBC demanded additional comments from ONS and is waiting for the answer.
