The price of a first class stamp for sending letters in the UK will increase by 1p to 65p and second class by 1p to 56p from 27th March 2017.
The cost of large letter first class stamps will also rise by 2p to 98p, and large second class letter will increase by 1p to 76p. The latest increase follows a previous 1p rise for both first class and second class stamps in March 2016.
Royal Mail said the price rises were necessary to maintain the universal service – the principle that it delivers letters across the whole of the UK for the same price. The group added that UK stamps represented good value compared to the rest of Europe. The average price of a first class stamp in Europe is 87p it said, while an average second class stamp is 67p.