Stamp Prices to Increase in March 2016

The price of a first class stamp will go up by 1p to 64p and second class by 1p to 55p from March 29.

For the second year running Royal Mail have limited their annual price increase for 1st & 2nd stamps to 1p, the same increase applies to large letter 100g & 250g, though for larger items the price increase is more substantial.The price for small parcels goes up by 5p and for medium parcels up to 6p in each category. The prices for sending a letter to Europe has been hit hard again, rising by 5p to £1.05.

Stamp prices have increased substantially over recent years, particularly the period leading up to the Governments sale of shares in the now privatised Royal Mail. The graph below shows how the cost of a 1st class stamp has increased despite this being in a period of low inflation.

Royal Mail said ’stamp prices were among the best value in Europe.

The price of a first class stamp in the UK remains well below the European average of 78p, and below the 64p figure for second class letter.’

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