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The UK’s statistics body said it has identified an error in the retail price index (RPI), which is used to calculate Government bond payments and changes in train ticket prices.
The Office for National Statistics (ONS) said that the RPI figures for six of the past 12 months were wrong by 0.1 percentage points.
It said the error was “caused by an issue with the 2018 to 2019 Living Costs and Food Survey dataset, which is used to produce the weights underpinning the RPI”.
“If the correct weights had been used, the impact on RPI annual growth rates would have been between 0.0 and 0.1 percentage points,” it added in a statement.
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