Annual increases to regulated rail fares, such as season tickets and off-peak tickets, are usually linked to the previous July’s retail price index (RPI), which was stated as 3.8% by the Office for National Statistics in August. However, the Government has only now confirmed that rail fares will rise by this amount in 2022. They had risen by a larger RPI + 1% this year.
Increases are normally implemented on the first working day of each year but have been delayed until March due to the coronavirus pandemic. Rail minister Chris Heaton-Harris says this offers people the chance to “save money by renewing their fares at last year’s price”. He adds that capping hikes at July’s RPI “strikes a fair balance” between what train passengers pay and the need to invest in the railways.
How regulated rail fares are calculated