Workplace Report (March 2005)

Pay and prices

Inflation forecasts

Fourth quarter 2005

RPI forecast Underlying inflation excluding mortgage payments

Average 2.6% 2.3%

Oxford Economic Forecasting 2.5% 2.3%

NIESR 3.1% 2.2%

Source: HM Treasury, Forecasts for the UK economy, March 2005


This information is copyright to the Labour Research Department (LRD) and may not be reproduced without the permission of the LRD.