Rail fares could rise by 5.6%

Some rail fares could rise by as much as 5.6 per cent in January - that is twice the rate of inflation and around £300 a year more for many of the regions commuters.

Government policy is to hike fares by the latest rate of inflation - published later today - and 1% on top. Rail companies can then add another 2% to some tickets.

Ministers are being urged to cut the rise and campaigners will be protesting at stations.

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People are being "increasingly squeezed" by rail fare hikes say TUC

Commuters will find out how much their season ticket will be next year Credit: ITV News

Rail passengers will today learn just how much their season tickets will rise in January next year.

The new-year rise, determined by today's RPI inflation figure, will take the overall increase in fares to around 24.7% during this Parliament, according to the Campaign for Better Transport (CBT).

The current annual price-rise formula is for regulated fares, which include season tickets, to rise by the rate of RPI plus 1%, which could see average fares going up around 3.6% if RPI remains at its June 2014 level of 2.6%. Train companies also have a "flex" rule which allows them to raise some regulated fares by 2% above the average as long the overall average remains at the RPI plus 1% level. This means some fares could go by around 5.6% in the new year.

The TUC says people are being "increasingly squeezed" by the fare hikes.

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