Thursday, 18 August 2011

Fare Increases

It is worth pointing out that when the government announced the RPI +3 increase in rail fares the target inflation figure was 2%.  The fact that inflation is now at 5% has made the proposed increases ludicrous to put it mildly.  Surely the government should therefore use their target inflation rate of 2% rather than the actual rate of 5% which is hardly the fault of the hard pressed commuter?  Ok, 5% (inflation at 2% +3) is still a hefty increase but significantly better than the ridiculous figure of 8% that is proposed.

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