Rail fares inflation figure revealed as 36
A July inflation figure on which annual rail fare rises have historically been based was 3.6% this year, the Office for National Statistics announced. That was last month’s Retail Prices Index (RPI), which until 2023 was used by Westminster governments to set the cap on annual increases in regulated fares in England. The Department for Transport (DfT) has not revealed whether this will be used to determine changes in the […]