Centrifugal growth can cause tyre diameter to increase 2% on a steel belt and more on older tyre.
At slow speeds inflation pressures can change the distance travelled per rotation also.
A under inflated tyre will cover less distance at slower speeds but will grow taller than a correctly inflated tyre at high speeds.
They are only small amounts.
The same goes for a gearbox driven speedo. As the bike gets faster the percentage of wheel slip increases and the speedo reads faster than true speed travelled. Some bike racing on salt lakes travelling 300 have a rear wheel speed of 330+ losing 30kph or more in wheel spin.
These are all small factors when riding a bike and wouldnt be enough to make a difference at road legal speeds though.
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