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Kiwi stamp prices go up

NZ Newswire logoNZ Newswire 21/03/2017
File photo © Fiona Goodall/Getty Images File photo

Kiwis will have to fork out more to post their letters after New Zealand Post bumped up the price of FastPost stamps.

The cost of sending a medium sized FastPost letter in New Zealand will now increase by 50 cents on July 1 from $1.80 to $2.30.

Large letters will increase from $2.80 to $3.30 and oversize letters from $3.80 to $4.30 after New Zealand Post conducted its annual price review.

The price increases come as Kiwis continue to post fewer letters at a rate of approximately 60 million items a year.

"Despite significant and ongoing cost reductions, this has had an impact on revenue and some price increases are necessary," New Zealand Post said in a statement.

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