Price of a stamp set to hit €1 under emergency measures to save An Post

Standard stamp prices look set to rise to almost €1 for each item by spring of next year under emergency measures to save An Post.

A financial crisis in An Post has forced the Government to lift the cap on postage prices in order to stop cuts to services. Average stamp prices could now increase by at least a third from 72c to between 90c and €1 by next March, An Post sources confirmed to the Irish Examiner.

Communications Minister Denis Naughten got approval at Cabinet yesterday to lift a price cap for An Post.