The move by News International, part of Rupert Murdoch's News Corporation empire, signals an end to the price war between the UK broadsheets that dates back to 1993 when The Times, dropped its price to 30p and at one stage 10p on Mondays, in an attempt to boost sales.
The price rise at The Times follows the Telegraph's decision earlier this week to raise its price to 55p Monday to Friday, and on Saturday to 90p.
The Daily Telegraph, owned by Conrad Black's Hollinger International, was closely followed by The Independent, which raised the price of its weekday paper to 55p, after the new chief executive of Independent News & Media Ivan Fallon called for an end to low-priced broadsheets.
The Times is thought unlikely to raise the price of its Saturday edition, which only went up in price to 75p from 70p in July.
News International declined to comment on the news. A spokeswoman said that the company would not make any public statement on the matter, adding that any price rises would be communicated to newsagents but not publicly released.
Despite the Times's price cut in 1993, the Telegraph has retained its lead in the weekday broadsheet market, with an ABC circulation of 1,002,739. The Times, which put its price up to 40p in June last year, had hoped to overtake the Telegraph and, even though it failed to hit that target, its sales have almost doubled to 677,524.
The Independent's circulation is languishing at 224,876, behind The Guardian, which has an ABC of 387,239. The Guardian, which has consistently stayed out of any price cutting, sells for 50p Monday to Friday and for £1 on Saturdays.
News International still leads the race in the Sunday broadsheet market. The Sunday Times, which recently put its price up to £1.40 from £1.20, has an ABC of 1,344,827, ahead of the Sunday Telegraph with 772,761, The Observer with 445,776 and the Independent on Sunday with 226,293.
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