Rail passengers will have to dig deeper to pay for their fares after being hit by the biggest fare hike in more than a decade yesterday (March 5).
So-called regulated ticket prices went up by 5.9%, the highest fare rise since 2012, when prices rose by 6%. Although the rises have been capped because of the cost of living crisis, the price of an annual season ticket from Durham to Newcastle has still risen by £85, from £1,452 to £1,537. Regulated fare rises have previously been linked to the Retail Price Index measure of inflation for the previous July, which in 2022 was 12.3%.
Regulated fares include season tickets on most commuter journeys, some off-peak return tickets on long-distance journeys, and anytime tickets around major cities. Other fares, including first class and advance tickets, are not regulated by the price cap.
