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ONS admits April inflation figure was too high after vehicle tax data error

ONS admits April inflation figure was too high after vehicle tax data error

Official data published last month showed Consumer Prices Index (CPI) inflation rose to 3.5% in April, up from 2.6% in March.
But the ONS said on Thursday that it has since spotted an error in the vehicle excise duty data provided to the ONS by the Department for Transport, which is part of the information used to calculate inflation.
The number of vehicles subject to the tax in the first year of registration was too high in the data given, according to the statisticians.
This meant CPI, as well as Retail Prices Index (RPI) inflation, were overstated by 0.1 percentage points in April.
The ONS said it would not be revising the official published figures and no other periods were affected by the error.

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People on New State Pension on track for monthly payments of £971 from next April
People on New State Pension on track for monthly payments of £971 from next April

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  • Daily Record

People on New State Pension on track for monthly payments of £971 from next April

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Former DWP employee warns of two-tier State Pension payments for older people
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Average house prices and rental costs in Flintshire revealed
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timea day ago

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