Rail fares to rise sharply after inflation figures revealed
Rail tickets will go up by at the fastest rate for five years after the latest inflation figures were revealed.
The July Retail Price Index (RPI) figure is used as a cap for regulated rail fare increases for the following year.
The Office for National Statistics (ONS) has revealed July's RPI rate of inflation was 3.6% - compared to 1.9% last July, and the highest since 2012.
The Consumer Price Index (CPI) rate was 2.6%, the same level as a month before.
The ONS highlighted that some of its broad groupings of goods, i... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
