Australian Post is jacking up prices this month, after revealing a massive 70 per cent drop in profits.

It’ll cost $2 more to send a parcel overseas, while snail mail will increase by 20c.

Parcels of up to 5kg and sent within Australia will attract a new flat rate which will be based on size, rather than weight.

The price changes are due to come into effect on September 30.

 

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