{"id":274451,"date":"2025-06-05T07:31:44","date_gmt":"2025-06-05T07:31:44","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/uk-inflation-overstated-due-to-government-data-error-ons-says\/"},"modified":"2025-06-05T07:31:44","modified_gmt":"2025-06-05T07:31:44","slug":"uk-inflation-overstated-due-to-government-data-error-ons-says","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=274451","title":{"rendered":"UK inflation overstated due to government data error, ONS says"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=d25d19b3-b849-4efb-874c-28adbf2e298c\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>UK inflation was overstated by 0.1 percentage points in April owing to an error in tax figures provided by a government department, the Office for National Statistics said on Thursday.<\/p>\n<p>Annual inflation was 3.4 per cent, according to the corrected data, rather than the 3.5 per cent initially estimated.<\/p>\n<p>The ONS said an error had been identified \u201cin an extract of the licensed vehicles data provided\u2009.\u2009.\u2009.\u2009by the Department for Transport, used to calculate the April 2025 Vehicle Excise Duty component of consumer prices <a href=\"https:\/\/www.ft.com\/uk-inflation\" data-trackable=\"link\">inflation<\/a>\u201d.<\/p>\n<p>It said the incorrect data had overstated the number of vehicles subject to VED rates applicable in the first year of registration. <\/p>\n<p>\u201cNo other periods are affected\u2009.\u2009.\u2009.\u2009The ONS will be using the correctly weighted data from May 2025\u2019s figures onwards. The DfT\u2019s published official statistics are unaffected,\u201d it added. <\/p>\n<p>The ONS said the error was isolated to one set of data used to calculate the VED index. <\/p>\n<p>\u201cHowever,\u201d it added, \u201cthe ONS is reviewing its quality assurance processes for external data sources in light of this issue.\u201d <\/p>\n<p><em>This is a developing story<\/em><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK inflation was overstated by 0.1 percentage points in April owing to an error in tax figures provided by a government department, the Office for National Statistics said on Thursday. Annual inflation was 3.4 per [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":274452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[11603,11224,990,4378,11406,9293,101350],"dealstore":[],"offerexpiration":[],"class_list":["post-274451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-data","tag-due","tag-error","tag-government","tag-inflation","tag-ons","tag-overstated"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK inflation overstated due to government data error, ONS says - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=274451\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK inflation overstated due to government data error, ONS says - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK inflation was overstated by 0.1 percentage points in April owing to an error in tax figures provided by a government department, the Office for National Statistics said on Thursday. 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