TfL fares could rise by nearly 5% next year

The cost of transport in London could rise by 4.8 per cent next year as it’s tied to the July Retail Price Index that was announced this morning.
The annual rise in retail prices has come in at 3.8 per cent, according to figures released by the Office for National Statistics, and there is a pre-existing condition that TfL fares will need to rise by 1 per cent above the RPI figure.
That sets the fare rises for TfL for next year to be 4.8%, if the policy is maintained as it’s currently