Commuters in England face 6.2% rise in average train fares after a shock increase in the Retail Prices Index measure of inflation. Cars, air fares, clothing and housing are being blamed for the surprise rise in the Consumer Prices Index of inflation.
The independent advice website moneyfacts.co.uk has given the following advice for savers trying to beat the increase in CPI inflation announced today:
The rise in inflation means more misery for commuters as train companies can increase fares up by 6.2%. Will the Chancellor step in?
Today's inflation figures will give an indication of the level of rail fare increase we can expect in January. So what is driving that rise?
Commuters are braced for more misery as inflation figures were higher than expected meaning that train companies can charge more.