Workplace Report (June 2024)

Pay and prices

2024 Forecasts

RPI Average Earnings
Median 3.3% 4.2%
ITEM Club 1.4% 2.8%
Oxford Economics 3.4% 3.6%
Capital Economics 1.1% 4.3%
OBR 2.1% 3.4%

Source: HM Treasury, Forecasts for the UK economy, May 2024. Fourth quarter


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