The Retail Prices Index rose from 4.4% in June to 4.8% in July. Regulated fares are usually calculated by adding one percentage point to July's RPI, which would imply a 5.8% ticket increase if that pattern is followed. The TSSA warns that such a rise would price workers off the rail network and reduce passenger numbers. Regulated fares account for almost half of all rail journeys, prompting calls for the Department for Transport to keep ticket prices affordable. Affordable fares are presented as necessary to increase rail use and improve air quality.
It's vital that the government protects the travelling public from any unnecessary rise in rail fares as a result of this inflation spike. The last thing passengers need is to be clobbered by higher fares and pushed off the railways at a time when we need people to be making more journeys for work and business reasons and in so doing powering the economy.
Regulated fares account for almost half of all rail journeys so we are urging the Department for Transport to keep ticket prices affordable so that we can get people out of their cars and onto the railways. If we want public transport to be fully used by the public, it has to be priced for the public. Affordable fares mean full trains & cleaner air.
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