The Independent will up its cover price on Monday by 20p to £1.20 – bringing it in line with The Guardian and The Daily Telegraph, but pricing it ahead of The Times which will continue to retail at £1.
The Independent’s editor Chris Blackhurst explained to readers in an editorial: “ For almost four years, The Independent has not raised its price. During that period, we have faced intense financial pressures. Inflation has been high and the recession severe and prolonged. Newsprint, transportation and other production costs continue to rise, seemingly inexorably.
“I can only repeat that I am sorry that your Independent will cost more, and we appreciate that you, our readers, face the same sort of financial squeeze as we do, and possibly an even worse one.
“In particular, for those many of you who have been with us from the start in 1986, I hope you will keep the faith in such difficult times. More than ever, The Independent's voice needs to be heard.”
The cover price of the Independent's Saturday edition will remain at £1.60.
The latest ABC figures, for March, revealed that circulation of The Independent fell 45% year-on-year to 100,672.
Its sister-title i, which costs 20p, was up 60% year-on-year to 273,793 – including 62,511 bulk copies.