8% rail fare rises

Rail passengers face average fare rises of 8% in the new year. The increase in fares is worked out by adding 3% to the headline retail prices index rate of inflation for July. That's remained unchanged at 5%. But the 8% rise can be taken by train companies as an average which means passengers could face even higher increases in their commuting costs. The pressure on commuters comes when all households are seeing their budgets squeezed by high inflation, pay freezes

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