ACCC clears Australia Post's price hike to $1 stamp

Updated November 27 2015 - 1:18pm, first published 12:48pm
Australia Post wants to raise prices from January to help offset the huge losses in its mail business. Photo: Glenn Hunt
Australia Post wants to raise prices from January to help offset the huge losses in its mail business. Photo: Glenn Hunt

Australia Post has been given the thumbs up by the consumer watchdog to raise the price of a basic stamp by more than 40 per cent, even as it takes longer to deliver letters.

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