8/13/2023 0 Comments New usps pricing for media mail![]() US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account USPS expects to lose $4.5 billion in 2023. Postmaster General Louis DeJoy, appointed during the Trump administration, has pursued sweeping changes during his tenure to try to bolster the agency’s finances. ![]() The number of individual letters sent each year has fallen by about half in the past decade. The Postal Regulatory Commission denied a price hike because, according to its statement at the time, USPS “failed both to quantify the impact of the recession on its finances and to show how its rate request relates to the resulting loss of mail volume.”įirst-class mail is becoming a smaller part of the Postal Service’s business because of online communication. It’s rare, but not unheard of, for the regulators to decline USPS requests they did so in 2010. If the latest hike is approved, it would amount to a 32% increase over the past four years.ĭomestic postcards will also increase from 48 cents to 51 cents, and international postcards from $1.45 to $1.50. “These price adjustments are needed to provide the Postal Service with much needed revenue,” the agency said in a statement. Although inflation has been cooling over the past nine months - prices were up 5% last month on an annual basis - it remains above the central bank’s target of around 2%. Surging prices have dented business across the global economy over the past two years, pushing up workers’ wages and increasing the costs of doing business. The Postal Service said the hike was necessary to offset a rise in operating expenses. If approved, the change would take effect in July, raising the cost of mailing a first-class letter by about 5.4%. The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.The US Postal Service said Monday that it filed a notice with its regulators to increase prices on first-class mail stamps to 66 cents from 63 cents. The price tables are also available on the Postal Service’s Postal Explorer website at pe./PriceChange/Index. The Mailing Services filing is Docket No. ![]() The complete Postal Service price filing, with prices for all products, can be found on the PRC website under the Daily Listings section at prc.gov/dockets/daily. The PRC will review the changes before they are scheduled to take effect. Postal Service remain among the most affordable in the world. Postal Service Announces New Prices for 2023Īs operating expenses continue to rise, these price adjustments provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan. The proposed Mailing Services price changes include: 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. There will be no change to the single-piece letter and flat additional-ounce price, which remains at 24 cents. A 1-ounce letter mailed to another country would increase to $1.45. The price for 1-ounce metered mail will increase to 60 cents, and the price to send a domestic postcard will increase to 48 cents. ![]() The price changes have been approved by the Governors of the U.S. If favorably reviewed by the Commission, the proposed increases will raise First-Class Mail prices approximately 4.2 percent to offset the rise in inflation. The new rates include a three-cent increase in the price of a First-Class Mail Forever stamp from 60 cents to 63 cents. WASHINGTON, DC - Today, the United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect Jan. Postal Service Announces New Prices for 2023
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