Workplace Report July 2021

Pay and prices

2021 forecasts

RPI1 Average earnings2
Median 3.6% 3.9%
ITEM Club 3.4% 3.9%
Oxford Economics 3.5% 3.5%
Capital Economics 3.3% 4.6%
OBR 2.4% 1.9%

1 Fourth quarter

2 Calendar year

Source: HM Treasury, Forecasts for the UK economy, June 2021

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/994070/Forecomp_June_2021.pdf