New Zealand Post stamp prices up

To help cover the cost of falling letter mail volumes, New Zealand Post is increasing the cost of a standard letter to NZ$1.30, a 10 cent increase from July 2019.

The postal operator still handles more than 400 million pieces but this volume is falling quickly.

“We need to make the price change to help cover the cost of delivering letters and to ensure we can sustain the current postal service for those who are using it,” says New Zealand Post General Manager Mail Matt Geor.

“New Zealand currently has one of the highest rates of decline in the world, as people choose to communicate more online. Only around one percent of mail sent in New Zealand is made up of personal letters, the rest is business mail.

“We continue to work hard to keep the cost of posting mail as low as possible, by significantly reducing our network costs and making big changes to how we operate. However, with an annual decline of approximately 60 million mail items through our network, we also need to increase the price of postage.

“We acknowledge the significance of these changes for our customers. We want to reassure them we are working very hard to ensure our mail business is fit for the future, and that the changes will not affect our delivery service.”

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