Australia Post will increase the costs of its products and services from next month in a bid to keep up with increasing delivery costs and soaring inflation.
The peak mail service said the changes, which will be introduced on September 5, will ensure a “sustainable postal service” can be provided to all Australians.
“We regularly review our products and services across a range of factors, including the changing needs of our customers and the increasing cost of delivery,” an Australia Post spokesperson told a news channel.
The price of domestic parcels will increase by 4.5 per cent, with smaller parcels up to 500g set to rise to $9.70, up from $9.30.
Heavier packages, weighing between 500g and 1kg, will cost $13.25 from $12.70 when shipped domestically.
Bigger packages up to 5kg will jump by 85 cents, costing $20.05 to post.
International parcels will jump by 4.8 per cent, with a standard medium satchel up to 1kg costing a maximum of $53.50 to ship overseas.
Prepaid express post satchels will rise by at least 40 cents per pouch.
The move comes after Treasurer Jim Chalmers predicted Australia’s inflation will peak at 7.75 per cent by the year’s end.
Australia’s annual rate of inflation is 6.1 per cent for the June quarter.