Rail firms are to raise fares 4.1%

Midweek Sport - - NEWS -

COM­MUTERS face rail fare hikes of 4.1% next year de­spite of­fi­cial fig­ures show­ing a dip in in­fla­tion in July.

Train pas­sen­gers will be hit by a sharp rise in reg­u­lated fares – such as sea­son tick­ets – from Jan­uary, even though re­tail price in­dex (RPI) in­fla­tion slowed to 3.1% in July from 3.3% in June.

Fash­ion retailers’ sum­mer sales helped off­set higher prices at the fuel pumps to nudge con­sumer price in­dex (CPI) in­fla­tion down to 2.8% in July from 2.9% a month ear­lier, said the Of­fice for National Statis­tics.

Price rises are ex­pected to con­tinue eas­ing grad­u­ally in com­ing months as CPI in­fla­tion dipped from June’s 14-month high.

Econ­o­mists said in­fla­tion is now look­ing weaker than the Bank of Eng­land’s fore­cast, and has un­der­shot pre­vi­ous cen­tral bank worries of a 3.5% sum­mer peak in in­fla­tion.

Trans­port unions dubbed the rail fares rise a “kick in the teeth” for trav­ellers and pas­sen­ger groups said they could price peo­ple off trains.

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