Rail fares set to rise as inflation figures revealed

Tickets
Rail passengers face yet another fare increase despite a 4.2 percent rise this year. Credit: PA/PA Wire/Press Association Images

Train fares are set to rise yet again on the back of the release of July's inflation figures, forcing rail passengers to fork out more for travel in 2014.

Inflation as measured by the retail prices index (RPI) is expected to remain at 3.3 percent for July, giving train companies the opportunity to push through a price rise of 4.3 percent at the beginning of next year.

The Government determines rail price rises by allowing fares to rise one percentage point above July's RPI measure.

Rail passengers were already dealt a blow with 2013 prices. This year the cost of a season ticket rose by 4.2 percent and overall train fares increased by around 3.9 percent.

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Rail fares to rise by 4.1%

Regulated train fares are set to rise by an average 4.1% from January after the headline rate of retail price index nflation fell to 3.1% in July from 3.3% in June. Labour has pledged to cap fare rises if it gets into power.