Workplace Report March 2017

Pay and prices

2017 forecasts

RPI1 Average earnings2
Median 3.6% 2.5%
ITEM 3.5% 2.9%
Oxford Economics 3.1% 2.7%
NIESR 5.1% 2.9%
OBR 4.1% 2.6%


1 Fourth quarter

2 Calendar year

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

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/599836/PU797_Forecast_for_the_UK_Economy_March_2017_covers.pdf