The Guardian is to increase its cover price in the UK by 20p, taking the cost of the weekday print edition to £2 and Saturday edition to £2.90.
The price rise, which comes into effect from Saturday 16 April, comes amid a drive to reduce losses of more than £50m-plus in the wake of a decline in print revenues and slowdown in the growth of digital income.
In Ireland, the cost of the weekday edition of the Guardian will rise by €0.50 to €2.50 and in the Channel Islands it will rise by 20p to £2.40. The Saturday edition of the Guardian will rise by €0.60 to €3.50 in Ireland and 20p to £3.30 in the Channel Islands.
The cost of the Observer will rise by 10p in the UK to £3, €0.50 to €3.30 in Ireland and 10p to £3.40 in the Channel Islands.
Subscriptions will remain the same cost as before the price rise.
“Our readers recognise the high quality of our journalism – such as our ongoing coverage of the Panama Papers – and their loyalty is something that we truly value,” said a spokeswoman for Guardian News & Media.
“However, this is an increasingly challenging market for all newspapers and by raising the cover price we are able to keep investing in our journalism and all our print and digital products, ensuring that both the Guardian and the Observer can continue their proud history of powerful journalism.”
The Guardian last increased its cover price in April last year, while the last Observer rise was September 2014.
