The UK’s Office for National Statistics (ONS) has confirmed an error in vehicle tax data used to calculate inflation figures for April. This led to a higher-than-expected 3.5% CPI inflation rate reported last month. However, the ONS revised this figure downward, showing actual inflation at 3.4%, exceeding earlier expectations of 3.3%. The agency acknowledges that no other time periods were affected by the miscalculation and promises to implement corrected data going forward. The ONS is reviewing its quality assurance processes for external data sources in light of this correction. Experts are now questioning whether this will impact the Bank of England’s decisions regarding interest rates, with some suggesting a revised timing of cuts is possible.