Royal Mail announces inflation-busting stamp price hikes

Published by Edmund Greaves on 19 February 2018.
Last updated on 19 February 2018

Royal Mail announces inflation-busting stamp price hikes

Households using Royal Mail’s postal service will see above-inflation stamp price increases from 26 March.

The price of a First Class stamp will increase from 65p to 67p, a 3.05% price rise. A Second Class stamp will go from 56p to 58p, a 3.57% increase. The price hikes are also double 2017’s where both stamp prices rose by just 1p.

A large letter First Class stamp meanwhile, will rise by 3p to £1.01 (a 3.06% increase). A large letter Second Class Stamp will rise by 3p to 79p (a 3.9% increase).

In monetary terms, all these increases appear small, but they’re higher than the current rate of Consumer Prices (CPI) inflation at 3%. This will be of most concern to regular postal users and small businesses that rely on Royal Mail to send important documents and packages.

However, one way to get around the increase is to buy stamps before prices rise on 26 March, as they will still be valid for use even if they were purchased at the cheaper price.

In its explanation of why it is raising stamp prices, Royal Mail states: “Royal Mail understands that many companies and households are finding it hard in the current economic environment. As a result, we have considered any pricing changes very carefully and in doing so have sought to minimise any impact on our customers.”

The company’s spokesperson adds: “These changes are necessary to help ensure the sustainability of the Universal Postal Service.”

Royal Mail says its stamp prices are among the “best value in Europe” compared to other postal operators. According to the company’s research, the average price of a First Class stamp in Europe is 94p. For a Second Class stamp, the average is 74p. 

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Long live email, texting,

Long live email, texting, FaceTime, and all other forms of communication, snail mail last resort.

I send a lot of parcels

I send a lot of parcels because I sell things on Ebay - I do hope the cost of parcels is not going up any time soon.

ANOTHER RIP OFF AND CON

ANOTHER RIP OFF AND CON FROM ROYAL MAIL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SO THE THIEVES AT SORTING OFFICES ALL OVER YJE COUNTRY CAN STEAL CUSTOMERS LETTERS, CARDS AND PARCELS AT THE CHRISTMAS PERIOD AND OTHER TIMES THROUGHOUT THE YEAR!!!!!!!!!!!!!!!!!!!! PLUS THE SERVICE IS GETTING WORSE AND WORSE!!!!!!!!!!!!!!!!!!!!!!!! CUSTOMERS PAY FOR A SERVICE!!!! AND THEY SHOULD GET A SERVICE!!!!!!!!!!!!!! AND NOT DELAYED POST OR MISSING POST!!!!!!!!

The thieves you are talking

The thieves you are talking about are a very small minority across the Royal Mail. Mostwork above and beyond what is expected of them in the job.Parcels with incorrect or insufficient addresses on them, assisting customers who may be struggling with prams shopping etc. We are mainly understaffed in sorting offices across the country (which is why mail is often delivered late) And if it was for postmen volunteering to do overtime after completing their own delivery(getting up at 4.30am and getting home at 4pm.)most customers wouldn't get any mail at in some areas. So show some understanding and realise that our job is not the bed of roses many people think it is.

there should be another post

there should be another post and parcel company set up to take on royal mail

An absolute disgrace - they

An absolute disgrace - they've [Royal Mail] obviously forgotten the old adage of 'Killing the goose that lays the Golden Eggs'. Reminds me of the 60's & 70's when a lot of Industries & Services priced themselves out of the market.. never to be seen again sadly.. All my Christmas Greetings will be 'on-line' from now on - usually I post about 80 so their revenue will be much reduced if others feel the same as me. The service where I live has been reduced to bare minimum , with only one collection per day (9.00am) I invariably have to depend on asking others who work in town to post things for me. Enough is enough I'm afraid.

we are in the age of the

we are in the age of the email and free text messages, who needs to post a letter?

I bought a load of stamps

I bought a load of stamps before prices rocketed years back - they lasted me until the end of 2017. I was using 'London 2012' stamps to send cards out last christmas.

new

Common sense prevails.

Common sense prevails.

“.........we have considered

“.........we have considered any pricing changes very carefully and in doing so have sought to minimise any impact on our customers.”

Lies, lies and more lies! These overpaid snouts at the top of the festering heap don’t care a damn other than wishing to destroy the letter service. When eventually the snouts achieve their objective there are going to be a lot of postman out of work. The trough is littered with the ugly faces of selfish capitalism where the sole driving force is greed followed by more greed! It doesn’t have to operate that way

Thank you for drawing my

Thank you for drawing my attention to the RM stamp price increases coming in March as I now have time to lay in a stock at the old price.

Your headline was a bit misleading though as I was fearing increases of 5% or more so glad to see less. They are technically inflation-busting still of course.

why his it every companies PR

why his it every companies PR department spout the same flowery comments, they are so transparent ... blah blah blah

Last year’s rise may ONLY

Last year’s rise may ONLY have been 1p but you seem to be forgetting how much they were hiked up by a couple of years ago to get to the 60p plus price they are now. Bearing that in mind 2p is small change really, and it’s what you would expect now they’ve been hung out to dry and flogged off by the Tories.