USPS announces price adjustments “needed to achieve the financial stability”

USPS announces price adjustments “needed to achieve the financial stability”

Today, the U. S. Postal Service filed notice with the Postal Regulatory Commission of mailing services price changes to take effect July 14, 2024.

The new rates include a 5-cent increase in the price of a First-Class Mail Forever stamp from 68 cents to 73 cents.

The proposed adjustments, approved by the governors of the Postal Service, would raise mailing services product prices approximately 7.8 percent. If favorably reviewed by the commission, the price changes would include:

 

 

Product

 

Current prices

 

Planned prices

Letters (1 oz.) 68 cents 73 cents
Letters (metered 1 oz.) 64 cents 69 cents
Domestic Postcards 53 cents 56 cents
International Postcards $1.55 $1.65
International Letter (1 oz.) $1.55 $1.65

The additional-ounce price for single-piece letters increases from 24 cents to 28 cents.  The Postal Service is also seeking price adjustments for Special Services products, including Certified Mail and money order fees. Notably, there will be no price increase for Post Office Box rental fees, and the Postal Service will apply a price reduction of 10 percent for postal insurance when mailing an item.

As changes in the mailing and shipping marketplace continue, these price adjustments are needed to achieve the financial stability sought by the organization’s Delivering for America 10-year plan. USPS prices remain among the most affordable in the world.

The commission will review the changes before they are scheduled to take effect. The complete Postal Service price filing, with prices for all products, can be found on the commission’s website under the Daily Listings section. The Mailing Services filing is Docket No. R2024-2. The price tables are also available on the Postal Service’s Postal Explorer website at pe.usps.com/PriceChange/Index

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