Rail fare increase signals light at the end of the tunnel for UK inflation
by Larry Elliott Economics editor from Economics | The Guardian on (#2ZA4F)
The 3.6% hike is steep and prices are still rising faster than wages, but the prospect of inflation going well over 3% looks remote
Rail commuters facing a steep 3.6% increase in ticket prices might find it tough to accept but there is light at the end of the tunnel for UK inflation.
Rising prices have been one of the big economic stories of the past 12 months, but for the past two months the financial markets have been surprised by the weakness of cost-of-living pressures.
Related: Commuters brace for steepest fare rise in five years as UK inflation rises to 3.6%
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