Workplace Report April 2021

Pay and prices

2021 forecasts

RPI1 Average earnings2
Median 3.0% 3.4%
ITEM Club 3.0% 2.6%
Oxford Economics 3.0% 3.2%
Capital Economics 2.8% 5.3%
OBR 2.4% 1.9%

1 Fourth quarter

2 Calendar year

Source: HM Treasury, Forecasts for the UK economy, March 2021

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/970101/Forecomp_March_2021.pdf