Rail fares 'set to fall in 2010'

24/08/2009

Rail passengers struggling with the high cost of the daily commute have received some welcome news with the announcement that regulated train fares will come down in 2010 thanks to falling inflation.

Under government rules, fares for weekly, monthly and season tickets as well as anytime daytime singles and returns, are based on the Retail Price Index (RPI) measure of inflation plus one per cent.

In July, RPI stood at minus 1.4 per cent, meaning many commuters will see a 0.4 per cent decrease in prices from January.

Transport secretary Lord Adonis said: "For the first time in a generation, passengers will see their fares fall."

Two train operators, Southeastern and West Yorkshire PTE, are exempt from the government cap.

In addition to season tickets and anytime singles and returns, regulated fares also cover walk-on fares for short-distance journeys in commuter areas and long-distance, off-peak prices.

Tags; Advice on Travel Costs, Young Family Finances, Recent Graduate Debt,

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