Inflation forecasts
Fourth quarter 2004
RPI forecast underlying inflation excluding mortgage paymentsAverage 3.0 2.4
Oxford Economic Forecasting 3.0 2.2
NIESR 3.1 2.5
Source: HM Treasury, Forecasts for the UK economy, May 2004
LRD Publications
from the Labour Research Department
Fourth quarter 2004
RPI forecast underlying inflation excluding mortgage paymentsAverage 3.0 2.4
Oxford Economic Forecasting 3.0 2.2
NIESR 3.1 2.5
Source: HM Treasury, Forecasts for the UK economy, May 2004