Workplace Report (May 2003)

Features: Pay and Prices

Inflation forecasts

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

4th quarter 2003

Average 2.6 (2.6)

Oxford Economic Forecasting 2.5 (2.5)

NIESR 2.3 (2.1)

Source: HM Treasury Forecasts for the UK economy, April 2003


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