The New York Times has been forced to issue a humiliating correction for its latest hit-job on the Queen after it fudged inflation data and stoked recession fears.
The newspaper reported British taxpayers would front the bill of the late Queen's funeral costs — which it estimated would cost about 6million ($6.9million).
The story labeled it a 'hefty price tag' amid rampant inflation in Britain.
But soon after publishing the story, Ben Judah, a senior fellow at the Atlantic Council tweeted the actual cost per household would be just five pence.
Using the New York Times' estimate of the Queen's funeral cost, the UK's 28 million households would have to pay just 20 pence.
By Thursday, the Times admitted it was wrong and published a correction to the story, noting the UK's inflation is not actually as bad as it originally reported.
Rather than the more than 10 percent inflation the Times pushed, the correction said: 'The country's inflation rate is at nearly 10 percent; it does not exceed 10 percent.'
It also said 'while the Bank of England said last month that it expected a long recession to begin this year, that was before a new plan proposed by Prime Minister Liz Truss to cap soaring energy costs.'
The plan would cap energy bills at 2,500. Doing so, economists say inflation will peak at 10 percent or lower in the fourth quarter of 2022 following reports that it could soar to more than 13 percent in October.
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