The United States Postal Service is proposing a price increase for next year, 2024, and wants everyone to be aware.
Here’s What You Should Know
The USPS is recommending another price hike on stamp prices next year. In July of this year, they raised the postage stamp price by $.03.
If approved by the Postal Regulatory Commission, the changes would take effect Jan. 21, 2024. New rates include a 2-cent increase for First-Class Mail Forever stamp, among other proposed changes.
If the price changes are approved by the governors of the Postal Service, service prices would increase by approximately 2 percent, the USPS said in its announcement.
“As inflationary pressures on operating expenses continue and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much-needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan,” the USPS said in its statement.
Today, the United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of mailing services price changes to take effect Jan. 21, 2024. The new rates include a 2-cent increase in the price of a First-Class Mail Forever stamp, from 66 cents to 68 cents.
The proposed adjustments, approved by the governors of the Postal Service, would raise mailing services product prices approximately 2 percent. If favorably reviewed by the commission, the price changes would include:
|Product||Current Prices||Planned Prices|
|Letters (1 ounce)||66 cents||68 cents|
|Letters (metered 1 ounce)||63 cents||64 cents|
|Domestic Postcards||51 cents||53 cents|
|International Letter (1 ounce)||$1.50||$1.55|
There will be no change to the additional-ounce price, which remains at 24 cents. The Postal Service is also seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, money order fees and the cost to purchase insurance when mailing an item.
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