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Regulated rail fares in England will rise by nearly 5% in March, PA Media reports. PA says:

The Department for Transport has set a cap of 4.9% for increases to most fares regulated by the government, which include season tickets on most commuter journeys, some off-peak return tickets on long distance routes and flexible tickets for travel around major cities.

July's RPI measure of inflation, which is traditionally used to determine annual fare rises, was 9.0%.

Having met our target of halving inflation across the economy, this is a significant intervention by the government to cap the increase in rail fares below last year's rise.

Changed working patterns after the pandemic mean that our railways are still losing money and require significant subsidies, so this rise strikes a balance to keep our railways running, while not overburdening passengers.