About 15,000 people will qualify for the rise, which will cost TfL £100m.
A TfL spokesperson said the body is obliged to honour the agreement despite these "unforeseeable" circumstances.
Mr Khan, who increased Tube and bus fares by 4.8% at the start of March, has previously said it was important to stick with the terms of the deal to ensure future deals could be struck. "Tube train drivers who worked throughout the pandemic to keep the capital moving will not suffer a real-term cut in wages as the government fails to get a grip with the cost of living crisis in this country."
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