Germany's federal network regulator has rejected a request by postal service operator Deutsche Post to raise the price of a postage stamp to cover rising costs, the agency said on Monday.
Delivery cars are lined up at a distribution centre of German postal and logistics group Deutsche Post DHL in Hamburg, Germany, December 8, 2022. REUTERS/Fabian Bimmer/File Photo
Deutsche Post called the decision "wrong", saying the inability to raise prices would massively slow its efforts to reach climate-neutrality. The regulator's decision comes after German consumer prices rose by 6.5% on the year in July, according to preliminary data.
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