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
LRD Publications
from the Labour Research Department
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