The U.S. Postal Service has filed notice with the Postal Regulatory Commission of mailing services price changes to take effect Jan. 21, 2024 – marking the fifth time in three years that postage prices are being increased.
The proposed adjustments, approved by the governors of the Postal Service, would raise mailing services product prices approximately 2%. This includes a two-cent increase for first-class stamps from 66 cents to 68 cents and a one-cent increase on metered letters from 63 cents to 64 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.
The USPS increased postage prices in January and July of this year, and in July 2022 and August 2021.
“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,” said the USPS in a statement. “The prices of the Postal Service remain among the most affordable in the world.”
