Workplace Report April 2024

Pay and prices

2024 Forecasts

RPI Average Earnings
Median 3.1% 3.8%
ITEM Club 1.4% 2.8%
Oxford Economics 3.1% 3.6%
Capital Economics 1.0% 3.9%
OBR 2.1% 3.4%

Source: HM Treasury, Forecasts for the UK economy, March 2024. Fourth quarter