Monday, October 25, 2010

One off blip wont effect inflation long term.. yeh yeh

Rail fares set to rocket by 11% on some routes

The basket system means that a further 5% can be added to the planned rise on certain fares, provided the net increase across the batch of tickets is in line with the official limit. As a consequence, next year's scheduled increase of the rate of inflation plus one percentage point, which comes in at 5.8%, will in fact be 10.8% on some tickets.

Posted by mark @ 10:03 AM (766 views)
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