Advertisement

  1. National

Rail passengers to be hit by 3.5% average fare rise next year

Rail passengers will see the average price of their tickets increase by 3.5% from January, according to figures out today.

The current formula also allows rail companies to increase some fares by an extra 2%, meaning that some tickets could increase by 5.5%.

Fares can be increased in January by 1% plus July's Retail Prices Index inflation figure.

View all 10 updates ›

Train tickets could be '5.6% more expensive next year'

The Retail Prices Index figure for July, released today, will determine by how much fares will rise in 2015 Credit: PA

The cost of some train tickets could be almost 6% higher next year.

Rail commuters will be paying close attention to the announcement of last month's Retail Prices Index (RPI) figure today, as it will be used to calculate increases to next year's regulated fares, including season tickets.

Ticket price rises are capped at 1% plus the July RPI figure, expected to be around 2.6%.

Train companies can add another 2% to some fares, as long as the overall average remains as per the formula.

Campaigners say ticket prices are rising four times faster than the average wage and that the measurement used to calculate fare increases has been discredited.

More on this story