Hongkong Post today (August 24) announced that the principal postage rates will be adjusted with effect from September 26.

     "Hongkong Post is committed to providing reliable and efficient postal services to the public at reasonable prices. However, there is a need to periodically adjust postage rates in order to offset escalating operating costs, in particular increases in major cost components such as conveyance costs and terminal dues payments," a spokesperson for Hongkong Post said.

     "The current postage adjustments are broadly in line with the cumulative inflation since the last adjustments in January 2018 up to September 2022. Overall, the postage increases for 80 per cent of local mail will be within $0.30, while those for 80 per cent and 90 per cent respectively of airmail and surface mail will be within $0.50. The expected impacts on both the general public and the commercial sectors are considered to be mild," the spokesperson said.

     The principal postage adjustments of the basic tiers for posting letters will be as follows:
 

• local letters weighing 30 grams or less will be adjusted from the existing postage of $2 to $2.20;
• letters by airmail weighing 20 grams or less to the Mainland and Taiwan will be adjusted from the existing postage of $3.40 to $3.70, while those to other places will be adjusted from $3.70-$5 to $4-$5.50; and
• letters by surface mail weighing 20 grams or less to the Mainland, Macao and Taiwan will be adjusted from the existing postage of $2.60 to $2.80, while those to other places will be adjusted from $3.20-$4.80 to $3.50-$5.30.

     "With the development of information technology, electronic communication is replacing traditional correspondence while market competition from commercial delivery services is severe. These pose great challenges to Hongkong Post's business. Hongkong Post will continue with its efforts to generate revenue through business development and manage its costs with a view to providing affordable and quality postal services," the spokesperson said.

     Details of the postage rate adjustments are in the Annex. The public may refer to the Hongkong Post website (www.hongkongpost.hk) for more information.

Ends/Wednesday, August 24, 2022
Issued at HKT 11:30

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