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Pay and prices
2020 forecasts
| RPI1 | Average earnings2 | |
|---|---|---|
| Median | 1.2% | 0.4% |
| ITEM Club | 1.0% | 0.9% |
| Oxford Economics | 1.1% | 0.5% |
| Capital Economics | 1.7% | -0.3% |
| OBR | 1.3% | 0.2% |
1 Fourth quarter
2 Calendar year
Source: HM Treasury, Forecasts for the UK economy, November 2020
https://www.gov.uk/government/statistics/forecasts-for-the-uk-economy-november-2020