Deutsche Post mulls stamp price rise next year

(Reuters) – German postal and logistics group Deutsche Post will consider raising the cost next year of sending a standard letter in its home market, Rheinische Post reported on Saturday, citing executive board member Juergen Gerdes.

Bonn-based Deutsche Post is legally entitled to increase postage of currently 0.60 euros ($0.82) per letter by slightly less than the rate of inflation, though it needs to seek approval for price hikes from Germany’s Federal Network Agency.

Read more: Deutsche Post mulls stamp price rise next year -report | Reuters.