Postage rates to increaseFriday 20 June 2014 18.16
Rates for postal services will increase from July 21, 2014. The increase comes following a review of pricing and the approval by ComReg of a new price-cap mechanism.
The standard domestic letter rate for items up to 100g will increase from 60 cents to 68 cents while the standard international letter rate will increase from 90 cents to €1.00 for items up to 100g.
Despite the increase, An Post's rates will remain below the EU domestic average of 71 cents.
The increase in postal rates is in line with the company's ongoing cost reduction initiatives and is necessary to stem the unsustainable financial losses arising from the Company's Universal Service Obligation - losses totalled €55m in 2013 - whereby customers in all areas of the country are provided with daily collection and delivery services for a uniform tariff.
"Our services continue to offer excellent value for money and these new tariffs will help to ensure the sustainability of our Universal Service Obligation which is essential for Irish businesses of all sizes as well as for our personal customers," an An Post spokesperson said.