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Pay and prices
2023 Forecasts
| RPI1 | Average Earnings2 | |
|---|---|---|
| Median | 13.8% | 6.0% |
| ITEM Club | 12.9% | 6.2% |
| Oxford Economics | 13.9% | 6.1% |
| Capital Economics | 13.7% | 6.0% |
| OBR | 14.1% | 5.9% |
Source: HM Treasury, Forecasts for the UK economy, December 2022. 1 Fourth quarter 2 Calendar year