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An Post to raise price of domestic stamp by 10c

An Post attributes the rise of 8% to the inflation that has affected almost every sector of the economy since 2022
An Post attributes the rise of 8% to the inflation that has affected almost every sector of the economy since 2022

An Post is to increase the cost of domestic stamps by 10c at the start of next month.

A national stamp will rise in price by 8% from the current level of €1.25 to €1.35.

But a worldwide letter stamp will remain at the current level of €2.20.

The digital stamp introduced in October, which currently costs €2.00, will also remain unchanged.

Last March, An Post increased the price of a domestic stamp by 15c to €1.25, while the cost of sending a letter abroad went up by 20c to €2.20.

The company has blamed rising costs in areas such as transport, fuel, energy and operations for the latest decision.

"There has been very significant input cost inflation across our business, most particularly in fuel at 25% this past year, and energy at more than 60%," said Garrett Bridgeman, Managing Director of An Post Commerce.

"We have made every effort to minimise the necessary price increases by spreading them across our products and services while working to ensure top quality, sustainable services for all customers, regardless of where they live."

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Speaking on Morning Ireland, Mr Bridgeman said the new cost is "way below the EU average" of €1.69.

He explained that An Post is made up of two different businesses and each one "needs to wash their own face".

He said the parcel business is a separate business, which has a different cost profile and different operation, where the letters business is entirely separate where letters are delivered on a different network, and both need to be independent, and they cannot cross charge between the two businesses.

Registered post and large envelopes will increase according to the service and dimension of the package.

Increases will also be applied to Ceadúnas, Meter and Business Response rates, although reductions will remain for in place for these business services, An Post said.

But SMEs and personal customers who have the An Post Advantage Card will continue to receive a discount of 15c per stamp.

Ten stamp booklets and 100-stamp rolls will also continue to attract a discount.

An Post claims its prices remain below that charged by postal services in other European countries, which on average now stands at €1.69.

"We will continue our huge transformation with innovative new Letter products and services for the future," said Mr Bridgeman.

"Through innovations such as our world-first Digital Stamp with notified delivery, we will protect our customers and support Irish firms who are doing business at home and expanding across the globe, while ensuring safe, decent work for our staff."

In relation to post office closures, Mr Bridgeman said there is no figure for closures this year.

"There isn't a post office closure program in place," he said.

He said that in terms of post offices, this is a growing business for An Post which has stepped in after banks closed branches in towns and villages.