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Pay and prices
2017 forecasts
| RPI1 | Average earnings2 | |
|---|---|---|
| Median | 3.7% | 2.3% |
| ITEM | 3.7% | 2.7% |
| Oxford Economics | 3.6% | 2.2% |
| NIESR | 4.9% | 2.9% |
| OBR | 4.1% | 2.6% |
1 Fourth quarter
2 Calendar year
Source: HM Treasury, Forecasts for the UK economy, July 2017.
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