The price of sending a letter is to increase next month. The communications regulator ComReg has given An Post permission to raise the price of its stamps, with effect from Monday, July 21st.
The standard domestic letter rate for items up to 100g will increase from 60cent to 68 cent while the standard international letter rate will increase from 90 cent to €1.00 for items up to 100g.
Despite the increase, An Post said the new rates will remain among the lowest in the EU countries including Britain, France, Belgium and Italy, and well below the EU domestic average of 71 cent.
A range of discount options will continue to remain available to businesses buying stamps in bulk and using meter mail, Ceadúnas licence and bulk-mail services.
A spokeswoman for An Post said the increase is necessary due to “ongoing cost reduction initiatives” and to “stem the unsustainable financial losses” arising from the Company’s Universal Service Obligation where losses totalled €55 million in 2013 .
An Post’s annual report published in April of this year showed that in 2013, the company made an operating loss of €11.4 million in spite of an increase in turnover of 0.5 per cent and an extra €20 million from a stamp price increase. The operating loss in 2012 was €17.5 million.
