Public transport fares will rise by 2.2 per cent from January 1, with most public transport trips set to cost $4.40.

While the increase is smaller than recent years, it follows Victorian commuters being stung with several annual rises averaging at CPI plus 2.5 per cent.

Fares went up by 4.7 per cent last year and 3.9 per cent the year before.

From next year, a daily full-fare ticket will rise by 20 cents to $8.80 and a two-hour ticket will increase by 10 cents to $4.40.

Minister for Public Transport Melissa Horne said the government had tried to keep the fee rise to a minimum.