The average cost of a train ticket will rise by 3.4% in January, the rail industry has announced.
The price hike – the sharpest since 2013 when fares increased by 3.9% – will come into effect from January 2, said the Rail Delivery Group (RDG).
It is below the rate of Retail Price Index (RPI) inflation, which is used to set rail season ticket prices, which rose to 3.6% in August.
However, the move was slammed by passenger watchdog Transport Focus as “a chill wind” at a time when people’s spending power is already facing a squeeze with the average wage growth failing to keep up with the pace of price increases.
Chief executive Anthony Smith said: “While substantial, welcome investment in new trains and improved track and signals is continuing, passengers are still seeing the basic promises made by the rail industry broken on too many days.”
One in nine trains (12%) failed to meet the industry’s punctuality target in the last year – meaning they arrived more than five minutes for commuter services or 10 minutes late for long-distance journeys.