Ofcom proposes extending inflation cap on Second Class stamps
Ofcom proposes keeping the inflation-linked safeguard on Second Class letter prices for another year, affecting postal users across the UK, including Wales. The consultation, published on 16 October, would extend the existing cap to 31 March 2028. The current protection expires in March 2027.
What an inflation cap means
The maximum price across the covered basket of Second Class products could continue to rise no faster than the Consumer Prices Index measure of inflation. Ofcom’s announcement lists the current Second Class letter stamp at 91p. The proposal does not promise to hold that cash price until 2028. The safeguard also does not fix First Class prices or every other Royal Mail product.
Decision and feedback
Ofcom says the temporary extension would allow more evidence to emerge as Royal Mail implements changes to its delivery operations and improves service performance. Feedback closes on 27 November 2026. Ofcom plans a final decision before the existing cap expires, followed by consultation on longer-term pricing next year. The extension is still a proposal.
Background and supporting figures
Where this sits
Current safeguard expiresMarch2027; proposed one-year extension ends31March2028.
Maximum price across the covered Second Class basket rises no faster than CPI inflation; not a nominal cash-price freeze.
Ofcom plans a final decision before current cap expiry and longer-term consultation next year.