Tuesday 23 January 2018

Stock up on the stamps - An Post to increase postage cost from next month

Consumers will be hit with a rise in the price of stamps. Stock image
Consumers will be hit with a rise in the price of stamps. Stock image

Meadhbh McGrath

Get those Christmas cards written fast - An Post has announced plans to increase postage rates from next month.

From July 21, the standard domestic letter rate for items up to 100g within Ireland will rise from 70c to 72c, while the standard international letter rate up to 100g will increase from €1.05 to €1.10.

A spokesperson from An Post confirmed to Independent.ie that the 'rounding' of cash transactions will not apply to the new 72c stamp.

The initiative, which would have seen the price of the stamp rounded down to 70c, was introduced last October for cash payments in a bid to reduce the use of 1c and 2c coins.

However, An Post have said the cost of the stamps will cost 72c, regardless of how customers opt to pay.

This will be the second price increase in just over a year.

Last July, An Post increased the cost of items up to 100g within Ireland from 68c to 70c, and the standard international letter rate from €1.00 to €1.05.

An Post said that, despite the increase, its rates will remain among the lowest in the European Union and well below the EU domestic average of 93c.

It added that a wide range of discount options are available for businesses, and discount options will continue for Ceadúnas licence and bulk-mail services.

The new Ceadúnas rate for Standard Post letters up to 100g will be 70c.

However, An Post noted that the “significant cost” of supporting its Universal Service Obligation (USO) will require attention.

The USO requires An Post to provide daily collection and delivery service to all areas of the country for a uniform tariff.

Last year, the cost of maintaining the USO was €32.3m.

“An Post is committed to providing excellent value for money, serving Irish business and being the trusted service provider of choice for business and personal customers,” a spokesperson for An Post said.

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