Saturday, October 1, 2022

Thurrock rail commuters set to be hit by another price hike

C2C Passengers

RAIL users in the UK will be hit by a further rise in ticket prices which will come into effect next year reports the BBC.

The increase will be based on the Retail Prices Index (RPI) inflation measure for July of 2.8%.

The figure is likely to lead to an increase of more than £100 in the annual cost of getting to work for many commuters.

Passenger groups urged a change in the way ticket prices are calculated, as RPI is no longer a national statistic.

The cost of most train fares are set by train companies themselves, but about 40% of fares in England, Scotland and Wales are regulated so that they are only allowed to rise by an amount pegged to the RPI rate of inflation in July the previous year.

The Campaign for Better Transport (CBT) has repeatedly said that CPI, the most widely watched and used measure of inflation, should be used instead of RPI.
Last month this was 2% and it is typically lower than the RPI rate of inflation.

CBT chief executive Darren Shirley said the expected ticket price rises were “exorbitant”.
“The government should commit now to January’s fares rise being linked to CPI,” he added.


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