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Welsh Government sets Transport for Wales rail ticket price cap for the year

Prices can increase by up to 3.8% from March 1 as the cap is set in Wales

Transport For Wales train at Pensarn(Image: Hadyn Iball / North Wales Live)

Rail ticket prices in Wales are set to increase next month.

The Department for Transport announced in December that ticket price increases in England will be capped at 3.8% from March 1.

Welsh Government has now confirmed the same cap for Transport for Wales(TfW) from March.

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The 3.8% figure is from July's Retail Prices Index (RPI) measure of inflation.

The annual inflationary change to regulated rail fares for the Wales and Borders Franchise is set at RPI+1% within the TfW Rail contract in line with the rail industry.

But Welsh Ministers have the power to vary this if they choose.

As RPI was at 3.8% in July 2021 an RPI+1% increase would have seen a 4.8% increase in regulated fares.