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Price hikes are usually linked to the previous July’s Retail Prices Index (RPI) measure of inflation - which was confirmed on Wednesday as 3.8 per cent for July 2021 by the Office for National Statistics.
No announcement has been made on what will happen to fares next year, but ticket prices in England and Wales rose by an average of around 2.6pc in March, representing RPI for July 2020 plus one percentage point.
A repeat of the policy would see fares rise by an average of 4.8pc, which would be the largest increase since 2012. READ MORE: A 'tree' is scaring the life out of people
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