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 2023. Fourth quarter

| 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 2023. Fourth quarter

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