Workplace Report (March 2024)

Pay and prices

2024 Forecasts

RPI Average Earnings
Median 5.5% 6.6%
ITEM Club 5.0% 6.2%
Oxford Economics 5.5% 6.9%
Capital Economics 5.4% 5.7%
OBR 6.7% 6.8%

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



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