Saturday, 22 November 2008

Train fares rise despite falling inflation

The train companies have announced price rises of around 6% for "regulated" fares - including season tickets and saver tickets - but in some other fares will go up considerably more.

According to today's Guardian "Unregulated fares, which include most leisure and advanced-fare tickets, will rise by an average of 7%, with some fares increasing by over 11%"

They are allowed to put regulated fares up by the retail price index plus 1%, and the increase is based on July's inflation figure of 5%. So despite the fall in inflation they can still put the prices up (which will increase the rate of inflation again... Chicken and egg here we think!)

Maybe people wouldn't mind so much if the trains were less crowded and had better carriages.

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