First class stamps are set to rise within just a few weeks, according to Royal Mail.
The firm announced the stamps will go up from £1.10 to £1.25 on October 2.
But second class stamps are due to remain at the same price, just 75p.
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The delivery company said first class stamps were rising in price as it faced "increasing cost pressures".
It also claimed the lack of reform of the Universal Service Obligation (USO) had contributed to the need to hike prices.
The USO forces the Royal Mail to deliver letters six days a week to all 32million UK addresses for the same price.
Nick Landon, the firms chief commercial officer, said: "We understand the economic challenges many of our customers are facing and have considered the price changes very carefully in light of the significant decline in letter volumes.
"Letter volumes have reduced dramatically over recent years, down more than 60% from their peak in 2004/5 and 30% since the pandemic."
The rise isn't the first time to price of Royal Mail stamps increased this year.
Previously, the cost of a first class stamp went over the £1 threshold for the first-time ever in April.
The 16% increase for a first class stamp is above the current level of inflation of 10.4%.
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Citizens Advice said the price hike represents a 64% increase over the last five years.
And Royal Mail claimed the decision was made after a 25% drop in letter volumes since the pandemic.
Sending mail with a first class stamp should mean your letter reaches its intended address the following day.
A second class stamp usually takes around two to three working days to arrive.
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