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Pay and prices
2020 forecasts
| RPI1 | Average earnings2 | |
|---|---|---|
| Median | 2.5% | 3.2% |
| EY ITEM | 2.6% | 3.4% |
| Oxford Economics | 2.4% | 2.8% |
| NIESR | 2.7% | 3.7% |
| OBR | 2.8% | 3.0% |
1 Fourth quarter
2 Calendar year
Source: HM Treasury, Forecasts for the UK economy, February 2020.
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