Workplace Report (December 2002)

Features: Pay and Prices

Inflation forecasts

RPI forecasts (and underlying inflation - excluding mortgage interest payments)

4th quarter 2003

Average 2.6 (2.4)

Oxford Economic Forecasting 2.8 (2.1)

NIESR 2.4 (2.2)

Source: HM Treasury Forecasts for the UK economy, December 2002


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