Mine was reading 97% on iOS 11.4.1 around a week before I upgraded to iOS 12. After the upgrade, it dropped to 92%.Launch day. Was at 99% until about a month ago. I checked it after seeing one of these threads and saw it was suddenly at 94%.
Seems odd it dropped that much in a couple weeks.
I’m guessing the indicator is more accurate in iOS 12. Wasn’t it still in beta in 11.4.1!?