A previously noted, the MTA has raised fares again. Starting today, a single subway or bus ride in New York City will cost $2.75, a $0.25 cent increase from current rates. Unlimited-ride 30-day cards will raise to $116.50, and 7-day cards to $31.00.
The above graph — compiled using data from the Associated Press — shows the fare hikes since 1904, when the cost for a single ride was just a nickel. The MTA claims that fare hikes are kept inline with inflation, and some data sleuthing by writers at Newsweek confirms that the hikes are not as far off as you may think. Either way, the $0.25 extra per ride will definitely make an impact on wallets of City commuters.
For more information on the rate hike, including other increases and details, visit the complete fare breakdown on MTA’s page.