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The Evening Standard reported a source close to Johnson last week saying: "We have already had to put fares up and that is Ken's primary line of attack.
"We will only put fares up if we have to.
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"I've been a strong advocate of putting fares up a lot in an era of declining government funding.
Ministers keep putting fares up so that they can invest billions of pounds into the network, building new stations and electrifying lines.
It has also put up fares, and plans to do so again.
How much more upward pressure will that shrinkage put on fares?
The prime minister said: "Labour's policies on rents would restrict access to housing, on trains put up fares and increase overcrowding, and on national insurance increase taxes for hardworking people.
The boss of Gatwick has called on the Airports Commission to narrow down the possible new runways in the south-east to just two options in its interim report next month – and to put air fares and pollution at the heart of its thinking.
For ten years on the bounce, 2004 to 2013, the government put regulated fares up by more than inflation.
"Bits of the railway were priced by different sections of British Rail but since privatisation some operators have put up fares at different rates than others," he said.
Rail companies are allowed a little wiggle room, called "flex", which currently lets them put some fares up by as much as RPI plus 2%, as long as it is balanced out with smaller rises, or even cuts elsewhere.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com