Workplace Report November 2001

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Pay and prices

Inflation forecasts

RPI forecasts (and underlying inflation - excluding mortgage interest payments)

4th quarter 4th quarter 2001 2002

Average 1.6 (2.2) 2.5 (2.4)

Oxford Economic Forecasting 1.3 (2.2) 2.1 (2.1)

NIESR 1.8 (2.3) 2.3 (2.1)

Source: HM Treasury Forecasts for the UK economy, October 2001


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