The cost of a postage stamp is set to increase towards the end of this month
The national will increase by 25 cent from 1.40 to 1.65
An Post says the price changes will cover the cost of providing a world class national letter service to every address taking account of wage increases for postal staff in line with national pay award, increased operating costs and letter volumes which have declined over 8% in the last 12 months, 40% since 2017 and 50% in the last decade.
93% of letters are generated by businesses or government bodies with just 7% comprising of personal cards and letters said a company spokesperson.
David McRedmond, CEO of An Post said : “An Post’s priority is to provide a world-class service for the people and businesses of Ireland. To do this we need to be aligned with global postal trends that see large price increases to compensate for falling volumes due to e-substitution. We’ve worked hard to get the economics right on price for postage by introducing smarter work practices and reducing costs to keep our prices below the European benchmark average, and below the UK. An Post remains entirely self-financed (having repaid a Government loan in full in 2024). While we manage the decline in postal, An Post is also investing heavily in the parcel and eCommerce business which is growing rapidly.
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