Pay and prices
Inflation forecasts
Fourth quarter 2004
RPI forecast underlying inflation excl. mortgage paymentsAverage 3.3 2.4
Oxford Economic Forecasting 3.4 2.2
NIESR 3.0 2.3
Source: HM Treasury, Forecasts for the UK economy, August 2004
Fourth quarter 2004
RPI forecast underlying inflation excl. mortgage paymentsAverage 3.3 2.4
Oxford Economic Forecasting 3.4 2.2
NIESR 3.0 2.3
Source: HM Treasury, Forecasts for the UK economy, August 2004
This information is copyright to the Labour Research Department (LRD) and may not be reproduced without the permission of the LRD.