Rail prices to rise

24 April 2009

Fares on some of Britain`s busiest rail routes are set to rise next month, despite RPI inflation going negative for the first time in almost 50 years.

National Express East Coast is set to raise prices by as much as 11% on some of its advance purchase tickets, The Guardian reports, while East Midlands Trains and First Great Western are set to raise some of their prices by 5% and 3% respectively.

The price rises come despite RPI inflation reaching -0.4% last month, and may cancel out some of the benefit of falling prices in other areas, such as housing costs.

A spokesperson for debt management company Gregory Pennington said: "Already, rail fares are by no means cheap, and regular commuters especially may find that price rises have a big impact on their outgoings.

"We advise anyone concerned about the impact on their finances to consider whether other forms of transport could save them money, or if cutting back in other areas could help to reduce the risk of debt."

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Gregory Pennington offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.

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