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(From The Journal)
Byline: Peter Woodman
RAIL passengers will "shudder and shiver" at the fare rises which take effect from today, a customer watchdog body said yesterday.
Regulated fares, which include annual season tickets, will be going up by an average of 6% - well above the current level of inflation.
And unregulated fares, which include off-peak tickets, will be rising even more - by an average of 7%. Passengers have been particularly hard hit this year, as the new year price rise is based on whatever the retail price index (RPI) inflation is in the previous July.
The July 2008 RPI was as high as 5%, which meant that regulated fares (subject to annual rises of RPI plus 1%) now have to rise by 6%.
Since July the rate of inflation has fallen fast, with the latest RPI being only 3%.