Workplace Report (January 2021)

Pay and prices

2021 forecasts

RPI1 Average earnings2
Median 1.4% 0.7%
ITEM Club 1.2% 0.8%
Oxford Economics 1.4% 1%
Capital Economics 1.7% 1.3%
OBR 1.0% 1.2%

1 Fourth quarter

2 Calendar year

Source: HM Treasury, Forecasts for the UK economy, December 2020


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