Rolling coverage of the latest economic and financial news, as rising clothing, petrol and recreation prices push up the cost of living
- Hairdressers and dentists got pricier after lockdown
- UK CPI inflation rose to 1% in July
- RPI, used to set rail fares, rises to 1.6%
- The key charts
- Full story: Rail passengers face price hike
10.39am BST
Here’s a reminder of how UK inflation has risen to its highest level since the pandemic lockdown:
10.25am BST
The prospect of rail season tickets going up again next year will not cheer commuters, and may encourage some to stick with home working in 2021.
Pressure group Transport Focus points out that Covid-19 means there’s much less demand for a season ticket that gives unlimited travel.
People just aren’t travelling right now, so the notional idea that a season ticket is going to rise by 1.6% is interesting information – but people aren’t buying those kind of tickets at the moment.
People generally aren’t travelling as they did pre-Covid.
This morning passengers found out ticket prices could rise by as much as 1.6% in 2021.
ï¸At a time when fewer and fewer people see themselves returning to 5 day a week travel, we’re calling on the government to urgently cut prices to get passengers back on track pic.twitter.com/T2suyBpgqh
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