An Post to increase the price of a stamp by 5c due to rising costs
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The cost of a stamp will go up by 5c to €1.40 from February 1, with An Post citing the rising costs of fuel and energy as reasons for the increase.
Prices for large envelopes and registered post will also increase but An Post said there would be no changes to the prices of the international letter stamp or the digital stamp, which will remain €2.20 and €2 respectively.
Buying stamps in bulk will also cost a person less. The cost of a book of 10 stamps will be €13.50, or €1.35 a stamp while a book of 100 works out at €1.30 a stamp.
Small- and medium-sized businesses will be able to avail of a €1.25 stamp through the An Post Advantage Card.
In announcing the increase, An Post said the new stamp prices reflected “sustained transport, fuel and energy cost inflation” and would ensure the “continuity of national letter services”.
The 5c increase is a 3.7% increase which An Post pointed out is just below the current rate of inflation of 3.9%.
It added the standard stamp price remains well below the average European tariff, which stands at €1.73. Like-for-like letter services now cost €1.45 in the United Kingdom and €1.47 in France.
An Post Commerce managing director Garrett Bridgeman said it had made “every effort” to minimise the “necessary price increases by spreading them across letter products and services”.
“These increases are necessary to cover rising costs and ensure service continuity and innovation on par with the best in Europe,” he said.