Workplace Report (October 2021)

Pay and prices

2021 forecasts

RPI1 Average earnings2
Median 4.6% 5.0%
ITEM Club 3.0% 4.3%
Oxford Economics 4.3% 4.3%
Capital Economics 5.9% 5.1%
OBR 2.4% 1.9%

1 Fourth quarter

2 Calendar year

Source: HM Treasury, Forecasts for the UK economy, September 2021.


This information is copyright to the Labour Research Department (LRD) and may not be reproduced without the permission of the LRD.