Pay and prices
Inflation forecasts
Fourth quarter 2008
| RPI | RPI excluding mortgages | |
| Average | 4.6% | 4.8% | 
| Oxford Economic Forecasting | 5.1% | 5.6% | 
| ITEM Club | 5.1% | 5.2% | 
Fourth quarter 2008
| RPI | RPI excluding mortgages | |
| Average | 4.6% | 4.8% | 
| Oxford Economic Forecasting | 5.1% | 5.6% | 
| ITEM Club | 5.1% | 5.2% | 
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