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Pay and prices
2021 forecasts
| RPI1 | Average earnings2 | |
|---|---|---|
| Median | 2.8% | 2.7% |
| ITEM Club | 2.8% | 2.6% |
| Oxford Economics | 2.8% | 3.9% |
| Capital Economics | 2.8% | 4.5% |
| OBR | 1.3% | 2.1% |
1 Fourth quarter
2 Calendar year
Source: HM Treasury, Forecasts for the UK economy, February 2021