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DfT sticks with discredited RPI for fares in new rail franchises

Rhodri Clark
27 April 2018
Rail: RPI-linkedfare rises out of step with wider economy
Rail: RPI-linkedfare rises out of step with wider economy

 

The DfT has declined to offer any explanation for specifying the use of the Retail Prices Index for fare increases in several future rail franchises.

The Office for National Statistics (ONS) says RPI is a “very poor measure of general inflation” and any continued use of RPI should be “closely scrutinised”. The RPI ceased to be a National Statistic five years ago and is only published by the ONS for legacy reasons.

However, it has now emerged that the next Wales and...

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