![[Basket]](images/basket.png){kind=small}
Your order![[cover image]](images/issue/WR201401.jpg)
![[PDF]](images/pdf.gif)
Pay and prices
Inflation forecasts
Fourth quarter 2014
| RPI | RPIX1 | |
|---|---|---|
| Average | 3.0% | 3.0% |
| Oxford Economic Forecasting | 2.7% | 2.7% |
| ITEM Club | 2.9% | 2.8% |
1 RPI excluding mortgages
Source: HM Treasury, Forecasts for the UK Economy, January 2014.
https://www.gov.uk/government/publications/forecasts-for-the-uk-economy-january-2014