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Pay and prices
Inflation forecasts
Fourth quarter 2009
| RPI | RPI excluding mortgages | |
|---|---|---|
| Average | -1.5% | 0.6% |
| Oxford Economic Forecasting | -1.4% | 0.6% |
| ITEM Club | -2.4% | -0.5% |
Source: HM Treasury, Forecasts for the UK Economy, May 2009.
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