Rail fares in the UK will rise by 2.8% in January 2020, it has been confirmed.
This latest rise in rail fares is set by the July retail price index figure, published by the Office for National Statistics.
The rise will add more than £100 to many annual season tickets.
Rail travel as a result is becoming increasingly expensive, which could well lead to people being unable to afford season tickets for their commutes. Ultimately, it will be commuters who have to purchase a season ticket to travel to and from work who will be hit hardest by the increase.
In January of this year, ticket prices for rail travel increased by 3.1%.
How to counter the rise
If you can afford to purchase your annual season ticket up front, consider purchasing it through a cashback credit card. These cards will pay you a percentage back when you spend on them, so you can earn back some of the cost this way.
UK Railcards can also offset some of the costs. The 26-30 Railcard costs £30 per year and will discount your rail fares by a third for the year. However, the railcard discount cannot be used against season tickets, so just watch which would be cheaper option for you - buying single tickets, or purchasing a weekly or monthly season ticket. A full look at the UK railcards available can be found here.
A good tip is to keep an eye on departure times of your trains on a daily basis. No doubt if commuting regularly, you will experience both delays and cancellations to train services. When and if these happen, be sure to make use of the Delay Repay scheme to claim back the maximum amount of money you can in these situations.
Finally, take a look at our guide on Finding Cheap Train Tickets, which provides six tips on how to save costs.