Stamp prices are set to rise again in April, the Royal Mail has announced, marking the sixth price hike in three years.
The cost of a first-class stamp will climb to £1.70, a 5p increase, while second-class stamps will be 87p, a 2p rise, when the changes come into effect on April 7.
Royal Mail, which was fined £10.5 million by regulators for failing to meet its delivery targets last year, said the spiralling prices are because of the “increasing cost of delivering mail”.
It means first-class stamps have more than doubled in price in the last five years, after they cost just 76p in 2020.
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