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UK inflation rate overstated due to car tax data error

Published 05/06/2025, 08:08
UK inflation rate overstated due to car tax data error

Investing.com -- The United Kingdom (TADAWUL:4280)’s consumer price inflation rate was overstated by 0.1 percentage points for the year leading up to April, due to an error in car tax data provided by the British government, according to the Office for National Statistics (ONS) announcement on Thursday.

The ONS noted that the miscalculation arose from incorrect data, which inflated the number of vehicles subject to Vehicle Excise Duty rates in their first year of registration.

Last month’s data showed that consumer price inflation had risen by 3.5% in the 12 months leading up to April, marking an increase from the 2.6% recorded in the 12 months leading up to March.

This inflation rate has now been adjusted to account for the error in the car tax data.

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