Germany's Deutsche Post Raises Parcel Delivery Prices as Inflation Bites
13 June 2022 - 7:54PM
Dow Jones News
By Mauro Orru
Deutsche Post AG will soon raise prices for small parcel
shipments, passing on to customers what the German
freight-and-logistics group called steep increases in airfares,
delivery and labor costs.
The company's DHL Paket division said Monday that higher prices
would kick in on July 1 for private customers who want to ship
light parcels. The price to send a 2-kilogram parcel will increase
to 5.49 euros ($5.77) from EUR4.99.
"Higher transport, delivery and labor costs as well as general
cost inflation make price increases in national and cross-border
parcel business unavoidable," the company said in a statement.
The move comes after Germany's annual rate of inflation rose in
May at a faster pace than in April, beating forecasts and
delivering the highest reading since December 1973, according to
data from German statistics office Destatis. Consumer prices rose
7.9% on year measured by national standards, and 8.7% on year by
European Union harmonized standards.
However, DHL Paket said heavier shipments won't incur higher
charges. Sending a 5-kilogram parcel, the most popular with private
customers, will cost EUR6.99 instead of EUR7.49, while prices for
parcels from 10 kilograms to 31.5 kilograms will remain unchanged,
the company said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
June 13, 2022 05:39 ET (09:39 GMT)
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