Workplace Report (April 2022)

Pay and prices

2022 forecasts

RPI1 Average earnings2
Median 7.2% 4.7%
ITEM Club 4.6% 2.9%
Oxford Economics 7.5% 4.8%
Capital Economics 9.6% 5.1%
OBR 9.8% 5.3%

1 Fourth quarter

2 Calendar year

HM Treasury, Forecasts for the UK economy, March 2022.

OBR, Economic and fiscal outlook - March 2022

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1061011/Forecomp_March_2022.pdf

https://obr.uk/efo/economic-and-fiscal-outlook-march-2022


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