An Post, Ireland's national postal service, has announced a price increase for stamps, effective later this month. Both national and international letter stamp prices will see a significant jump. The increase is attributed to several factors, including wage increases, rising operating costs, and the ongoing decline in letter mail volume.
An Post has announced a significant price increase for stamps, effective later this month. Starting on February 27th for personal customers and March 1st for business users, the price of a national stamp will rise from €1.40 to €1.65, a 25 cent increase. International letter stamps will also see a price hike, jumping from €2.20 to €2.65. Rates for large envelopes and parcels destined for international locations will also be adjusted upward.
Consumers who utilize digital stamps will observe a price increase from €2 to €2.22. \An Post attributes this price adjustment to several factors, including wage increases for postal staff, rising operating costs, and the persistent decline in the volume of letters being mailed. The national postal service reports an 8% decrease in letter volume over the past year, a 40% drop since 2017, and a dramatic 50% reduction over the last decade. An Post emphasizes that the cost of a stamp increased last year as well, on February 1st, 2024, when the price rose from €1.35 to €1.40. \To mitigate the impact on certain customer segments, the free post service for all correspondence weighing up to 1kg sent to residents of nursing homes and care homes will remain unchanged. An Post provides statistics indicating that 93% of letters are sent by businesses or government entities, with only 7% originating from personal mail. Discounts will be extended to small and medium-sized enterprises (SMEs). An Post acknowledges that in other European countries, stamp costs are considerably higher. For instance, in Denmark, where letter volume has plummeted by 85% since 2008, the price of a stamp stands at €5.23. The company asserts that its priority is to deliver a world-class service to the people and businesses of Ireland. To achieve this, price adjustments are deemed necessary to align with global postal trends, which often involve substantial price increases to offset declining volumes caused by the shift towards electronic communication. An Post CEO David McRedmond states that their commitment to providing a world-class service necessitates compensation for falling letter volume through price adjustments. He emphasizes their efforts to optimize postage pricing through smarter work practices and cost reduction strategies, aiming to keep prices below the European benchmark average and the UK level. An Post stresses its complete self-financing status, having fully repaid a government loan in 2024. While managing the decline in traditional postal services, An Post is actively investing in the rapidly expanding parcel and e-commerce sectors
AN POST STAMP PRICES IRELAND PRICE INCREASE POSTAL SERVICE OPERATING COSTS LETTER MAIL VOLUME
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