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Pay and prices
2020 forecasts
| RPI1 | Average earnings2 | |
|---|---|---|
| Median | 1.6%% | 2.4%% |
| EY ITEM | 1.8%% | 1%% |
| Oxford Economics | 0.7%% | -1.3%% |
| Capital Economics | 0.6%% | -0.2%% |
| OBR | 1.8%% | -7.3%% |
1 Fourth quarter
2 Calendar year
Source: HM Treasury, Forecasts for the UK economy, June 2020.