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Pay and prices
2022 forecasts
| RPI1 | Average earnings2 | |
|---|---|---|
| Median | 7.2% | 4.7% |
| ITEM Club | 4.6% | 2.9% |
| Oxford Economics | 7.5% | 4.8% |
| Capital Economics | 9.6% | 5.1% |
| OBR | 9.8% | 5.3% |
1 Fourth quarter
2 Calendar year
HM Treasury, Forecasts for the UK economy, March 2022.
OBR, Economic and fiscal outlook - March 2022