Rail fares

• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  30 December 2012     16:40207749
  #1       report
  a great headline but a non story in my view when inflation is taken into account.
  
  http://www.telegraph.co.uk/finance/newsbysector/transport/9771507/Rail-fares-have-gone-up-50-per-cent-in-last-decade.html
• Guest 710

  • Registered: 28 Feb 2011
  • Posts: 6,950
  30 December 2012     18:11207751
  #2       report
  Going by the BoE's Inflation Calculator* inflation averaged 3.1% per year between 2001 and 2011.
  
  What cost £1 in 2001 cost £1.35 in 2011.
  
  Does this mean that an annual inflation rate of nearly 5% is needed to 'justify' the rise in rail fares?
  
  *http://www.bankofengland.co.uk/education/Pages/inflation/calculator/flash/default.aspx
  Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  31 December 2012     14:54207807
  #3       report
  still a misleading headline though tom, taking into account inflation.
• Paul Watkins

  • Location: Dover
  • Registered: 9 Nov 2011
  • Posts: 2,226
  31 December 2012     17:39207828
  #4       report
  Season tickets still a good deal.
  
  Compare daily rates and see the massive difference.
  
  Watty
• Guest 710

  • Registered: 28 Feb 2011
  • Posts: 6,950
  1 January 2013     12:10207922
  #5       report
  Just so Watty.
  
  Season tickets would still be good value at twice or three times the price, just so long as you set the daily rate even higher. What a marvellous business plan.
  
  In the same way senior politicians are excellent value for money...when compared with what you would get from any number of bin-men, park-keepers or police for the equivalent expenditure?
  Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.