Pay and prices
Inflation forecasts
Fourth quarter 2004
RPI forecast underlying inflation excl. mortgage paymentsAverage 3.2 2.3
Oxford Economic Forecasting 3.4 2.3
NIESR 3.0 2.3
Source: HM Treasury, Forecasts for the UK economy, October 2004
Fourth quarter 2004
RPI forecast underlying inflation excl. mortgage paymentsAverage 3.2 2.3
Oxford Economic Forecasting 3.4 2.3
NIESR 3.0 2.3
Source: HM Treasury, Forecasts for the UK economy, October 2004
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