Inflation data in the UK is now "mistaken" due to errors in vehicle tax statistics, leading to an artificially high 0.1 percentage point increase in April CPI.
According to the Zhitong Financial APP, the UK National Statistics Office stated that it overestimated the official inflation rate due to inaccurate vehicle tax data received. The statistics office stated that the overall inflation rate that shook the market in April was 0.1 percentage points higher than it should have been due to incorrect vehicle consumption tax data provided by the government's transportation department.
Latest