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Inflation: latest forecasts

Inflation forecasts are produced on a monthly basis to provide EEF members with the most up to date information to support pay negotiations and business planning.

November 2008

 

RPI

RPIX

CPI

Annual forecasts, % change on a year ago

2006

3.2

2.9

2.3

2007

4.3

3.2

2.3

2008

4.0

4.4

3.6

2009

-1.1

2.5

2.2


Monthly forecasts, % change on a year ago

Jan-06

2.4

2.3

1.9

Feb-06

2.4

2.3

2.0

Mar-06

2.4

2.1

1.8

Apr-06

2.6

2.4

2.0

May-06

3.0

2.9

2.2

Jun-06

3.3

3.1

2.5

Jul-06

3.3

3.1

2.4

Aug-06

3.4

3.3

2.5

Sep-06

3.6

3.2

2.4

Oct-06

3.7

3.2

2.4

Nov-06

3.9

3.4

2.7

Dec-06

4.4

3.8

3.0

Jan-07

4.2

3.5

2.7

Feb-07

4.6

3.7

2.8

Mar-07

4.8

3.9

3.1

Apr-07

4.5

3.6

2.8

May-07

4.3

3.3

2.5

Jun-07

4.4

3.3

2.4

Jul-07

3.8

2.7

1.9

Aug-07

4.1

2.7

1.8

Sep-07

3.9

2.8

1.8

Oct-07

4.2

3.1

2.1

Nov-07

4.3

3.2

2.1

Dec-07

4.0

3.1

2.1

Jan-08

4.1

3.4

2.2

Feb-08

4.1

3.7

2.5

Mar-08

3.8

3.5

2.5

Apr-08

4.2

4.0

3.0

May-08

4.3

4.4

3.3

Jun-08

4.6

4.8

3.8

Jul-08

5.0

5.3

4.4

Aug-08

4.8

5.2

4.7

Sep-08

5.0

5.5

5.2

Oct-08

4.2

4.7

4.5

Nov-08

3.1

4.2

4.0

Dec-08

0.7

3.8

3.5

Jan-09

         -0.2          3.8          3.5

Feb-09

         -0.4          3.5          3.2

Mar-09

         -0.8          3.4          3.2

Apr-09

         -1.0          3.1             2.9

May-09

 -1.1 2.8 2.6
Jun-09 -1.7 2.2 1.9
Jul-09 -1.7 2.2 1.9
Aug-09 -1.9 2.0 1.7
Sep-09 -2.2 1.8 1.5
Oct-09 -2.1 1.8 1.3
Nov-09 -1.2 2.0 1.1
Dec-09 0.8 2.0 1.1

Source: Oxford Economics 

 
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