Hongkong Post announced on Wednesday that postage rates will be increased from January 1, 2018. it is the first price rise in four years.

Central Post Office. File photo: In-Media.

In 80 per cent of cases, the increase will be within HK$1 “in order to offset escalating operating costs, in particular increases in major cost components such as staff costs and terminal dues payments,” Hongkong Post said.

The cost of sending a letter locally will rise from HK$1.70 to HK$2. Airmail letters weighing under 20 grams to places such as China or Taiwan will be adjusted from HK$2.90 to HK$3.40. Other airmail destinations will rise from HK$2.90-HK$3.80 to HK$3.70-HK$5.

The government department – which is operated as a trading fund – cited “severe” challenges such as the development of information technology, electronic communication and competition from other delivery companies.

A full overview of the prices rises may be found here.

Tom is the editor-in-chief and co-founder of Hong Kong Free Press. He has a BA in Communications & New Media from Leeds University and an MA in Journalism from the University of Hong Kong. He has contributed to the BBC, Euronews, Quartz, Global Post and others.