Workplace Report July 2019

Pay and prices

2019 forecasts

RPI1 Average earnings2
Median 2.5% 3.2%
EY ITEM 2.7% 3.2%
Oxford Economics 2.4% 3.0%
NIESR 3.2% 3.7%
OBR 2.9% 3.1%


1 Fourth quarter

2 Calendar year

Source: HM Treasury, Forecasts for the UK economy, July 2019.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/817675/Forecomp_July_2019.pdf