Pay and prices
Inflation forecasts
Fourth quarter 2004
RPI forecast underlying inflation excluding mortgage paymentsAverage 3.0 2.4
Oxford Economic Forecasting 3.0 2.2
NIESR 3.1 2.5
Source: HM Treasury, Forecasts for the UK economy, May 2004
Fourth quarter 2004
RPI forecast underlying inflation excluding mortgage paymentsAverage 3.0 2.4
Oxford Economic Forecasting 3.0 2.2
NIESR 3.1 2.5
Source: HM Treasury, Forecasts for the UK economy, May 2004
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