Pay and prices
2024 Forecasts
| RPI1 | Average Earnings2 | |
|---|---|---|
| Median | 3.8% | 3.7% |
| ITEM Club | 1.2% | 2.8% |
| Oxford Economics | 3.3% | 3.7% |
| Capital Economics | 1.7% | 3.6% |
| OBR | 3.9% | 3.7% |
Source: HM Treasury, Forecasts for the UK economy, December 2023. 1Fourth quarter 2Calendar year