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Stamp prices to rise by 4.4 per cent

Stamp prices on the Isle of Man will rise by twice the rate of inflation next month.

From May 15th a standard letter to the UK or Isle of Man will go up by 2p to 47p - a rise of 4.4 per cent:

Last month the government revealed the Consumer Price Index rate of inflation was 2.2 per cent.

Interim commercial director Niall Carey says whilst price rises are regrettable the Isle of Man still offers value for money:

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