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Pay and prices
2020 forecasts
| RPI1 | Average earnings2 | |
|---|---|---|
| Median | 1.1% | 0.3% |
| ITEM Club | 0.9% | 0.9% |
| Oxford Economics | 1.1% | 0.5% |
| Capital Economics | 1.1% | -0.3% |
| OBR | 1.3% | 0.2% |
1 Fourth quarter
2 Calendar year
Source: HM Treasury, Forecasts for the UK economy, October 2020