Workplace Report (May 2017)

Pay and prices

2017 forecasts

RPI1 Average earnings2
Median 3.8% 2.4%
ITEM 3.7% 2.7%
Oxford Economics 3.3% 2.5%
NIESR 5.1% 2.9%
OBR 4.1% 2.6%

1 Fourth quarter

2 Calendar year

Source: HM Treasury, Forecasts for the UK economy, April 2017.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/609054/Forecasts_UK_Economy_April_2017.pdf


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