Spain’s Correos raises postal rates by a euro cent

Spain’s Correos has increased its postage rates to add a euro-cent to the price of the domestic letter, a near-3% rise. The postal service said commercial letters and cards that have postage paid by franking machines will see rates rising from 0.35 to 0.36 euros, a 2.86% increase.

Correos said the new rates, in effect from yesterday (January 1), would help it cope with rising costs, maintaining its revenues while pushing for a higher quality and efficient universal postal service for all citizens.

It said even with the increase, Spain would remain among the cheaper members of the European Union for postage in 2012.

Correos said the new postage rates had been approved by the National Commission of the Postal Sector, in accordance with European postal laws.