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Pay and prices
Inflation forecasts
Fourth quarter 2008
| RPI | RPI excluding mortgages | |
|---|---|---|
| Average | 2.7% | 3.0% |
| Oxford Economic Forecasting | 2.3% | 2.7% |
| NIESR | 3.0% | 2.9% |
Source: HM Treasury, Forecasts for the UK Economy, March 2008
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