Royal Mail Price Increase 2018
It’s that time of year when Royal Mail do their annual price increase. This year it is happening on Monday 26th March. Compared to previous years, it isn’t too bad; an increase of 2-5% depending on the service. In percentage terms, Jiffy bags and cardboard boxes have increased in price far more over the last 12 months !
The good news is that our contracts for Royal Mail Tracked and International services have different renewal dates. Although it is likely we’ll see increases when they come up for annual review (let’s face it – when have prices for this kind of thing ever come down), we’ll deal with that when the time comes ! International prices increased slightly in January, so hopefully they’ll hold those for a while, although Royal Mail do give themselves an option to review prices if the Sterling exchange rate changes too drastically.
This is good news for our customers. It means that we’ll only have to increase P&P by a very small amount, really just to ensure low value orders (where there isn’t a lot of profit available to subsidise postage costs) don’t end up losing us money. Lowering the threshold where we switch from Royal Mail 24 and Royal Mail 48 to Tracked24 and Tracked48 should absorb most of the increase for other orders. We’re finding that Royal Mail are clearly putting effort into getting the Tracked services right. So far, their reliability has been excellent, and we’ve been getting useful info whenever there’s a delivery query.
There are two other positive things. The first is that if you are one of our international customers, we had a small price increase in January, so your prices will stay the same with this round of changes. The other nice thing is that Special Delivery won’t be changing price. If it’s something you need urgently, it won’t cost any more to get it to you than it does now !