![[Basket]](images/basket.png){kind=small}
Your order![[cover image]](images/issue/WR201712.jpg)
![[PDF]](images/pdf.gif)
Pay and prices
2017 forecasts
| RPI1 | Average earnings2 | |
|---|---|---|
| Median | 4.0% | 2.2% |
| ITEM | 3.9% | 2.3% |
| Oxford Economics | 4.0% | 2.0% |
| CBI | 3.6% | 2.4% |
| OBR | 3.6% | 2.3% |
1 Fourth quarter
2 Calendar year
Source: HM Treasury, Forecasts for the UK economy, November 2017, OBR figures Economic and Fiscal Outlook.
http://cdn.budgetresponsibility.org.uk/Nov2017EFOwebversion-2.pdf