Pay and prices
Inflation forecasts
Fourth quarter 2005:
RPI forecast underlying inflation excl. mortgage paymentsAverage 2.6% 2.2%
Oxford Economic Forecasting 2.4% 2.1%
NIESR 2.9% 2.1%
Source: HM Treasury, Forecasts for the UK economy, May 2005
Fourth quarter 2005:
RPI forecast underlying inflation excl. mortgage paymentsAverage 2.6% 2.2%
Oxford Economic Forecasting 2.4% 2.1%
NIESR 2.9% 2.1%
Source: HM Treasury, Forecasts for the UK economy, May 2005
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