Workplace Report (March 2021)

Pay and prices

2021 forecasts

RPI1 Average earnings2
Median 2.8% 2.7%
ITEM Club 2.8% 2.6%
Oxford Economics 2.8% 3.9%
Capital Economics 2.8% 4.5%
OBR 1.3% 2.1%

1 Fourth quarter

2 Calendar year

Source: HM Treasury, Forecasts for the UK economy, February 2021

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/962029/Forecomp_February_2021.pdf


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