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Pay and prices
2020 forecasts
| RPI1 | Average earnings2 | |
|---|---|---|
| Median | 1.6% | 2.4% |
| ITEM Club | 1.8% | 3.3% |
| Oxford Economics | 2.4% | 2.7% |
| NIESR | 2.7% | 3.7% |
| OBR3 | 2.1% | 3.3% |
1 Fourth quarter
2 Calendar year
3 Coronavirus scenario
Source: HM Treasury, Forecasts for the UK economy, April 2020.