Inflation forecasts
RPI forecasts (and underlying inflation - excluding mortgage interest payments)
4th quarter 2003Average 2.6 (2.4)
Oxford Economic Forecasting 2.8 (2.1)
NIESR 2.4 (2.2)
Source: HM Treasury Forecasts for the UK economy, December 2002
![[cover image]](images/issue/WR200301.jpg)
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