image-minimizer-webpack-plugin inline SVG bug

bug.css

/* SVG source: https://github.com/WordPress/WordPress/blob/0bfb5f043bec9149cdb0216789f6b67d16763962/wp-admin/css/colors/_admin.scss#L65 */

body {
  content: url('data:image/svg+xml;utf8,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20viewBox%3D%270%200%2020%2020%27%3E%3Cpath%20d%3D%27M14.83%204.89l1.34.94-5.81%208.38H9.02L5.78%209.67l1.34-1.25%202.57%202.4z%27%20fill%3D%27#000%27%2F%3E%3C%2Fsvg%3E');
}

index.js

import './bug.css';

package.json

{
  "scripts": {
    "postinstall": "webpack --mode production"
  },
  "devDependencies": {
    "css-loader": "^6.5.1",
    "image-minimizer-webpack-plugin": "^3.2.0",
    "imagemin": "^8.0.1",
    "imagemin-svgo": "^10.0.1",
    "mini-css-extract-plugin": "^2.4.5",
    "webpack": "^5.65.0",
    "webpack-cli": "^4.9.1"
  }
}

test.html

<link href="dist/main.css" rel="stylesheet">

webpack.config.js

const ImageMinimizerPlugin = require("image-minimizer-webpack-plugin");
const MiniCSSExtract = require("mini-css-extract-plugin");

module.exports = {
  entry: "./index.js",
  module: {
    rules: [
      {
        test: /\.css$/,
        use: [
          {
            loader: MiniCSSExtract.loader,
          },
          "css-loader",
        ],
      },
    ],
  },
  plugins: [
    new ImageMinimizerPlugin({
      minimizer: {
        implementation: ImageMinimizerPlugin.imageminGenerate,
        options: {
          plugins: ["svgo"],
        },
      },
    }),
    new MiniCSSExtract(),
  ],
};