The USPS has just made prices again - and it is already planning the next price increase
The postal service has not made changes to your mail, including the quantity you pay.
It seems that we have to pay more for everything These days - and that includes our mail. The American postal service (USPS) has been getting financially financial for years now. To change course, the agency unveiled its Delivery initiative for America (DFA) In 2021 in order to reach financial sustainability again over the next 10 years. And unfortunately for us, part of the plan includes price increases for customers. The USPS has just increased its prices on January 22 - and it is already planning the next price increase. Read the rest to know what you should be prepared.
Read this then: USPS get rid of it permanently, on January 31 .
The postal service began to increase prices in 2021.
Only two months after the introduction of its DFA plan, the USPS had already announced its intention to increase prices. In May 2021, the agency said it had made an opinion With the Postal Regulatory Commission (PRC) to "increase the overall prices of dominant market products and services by around 6.9%" later that year. The RPC approved the price increase, and it was officially triggered on August 29, 2021.
Since then, customers have seen shipping costs climbing again and again. In July 2022, postal service increased its first -class mail prices about 6.5%. Then, a few months later, the agency increased the prices again: October 2, " Temporary price adjustment For key products for the 2022 peak holiday season, "entered into force". This temporary adjustment of prices is similar to those in recent years that help cover additional treatment costs to ensure a high successful season, "said the USPS. AE0FCC31AE342FD3A1346EBB1F342FCB
Now, however, the agency is back to more permanent price increases.
The most recent price change has entered into force.
The increase in temporary prices for the 2022 holiday season expired on January 22, but it coincided with a more permanent change. In October, the postal service announced that it had filed plans with the PRC for "new prices for 2023". The Commission approved new prices , which entered into force on January 22 and increased first -class mail prices by around 4.2%.
USP Also increased prices For P.O. Rental of ships and shipping services on the same day. "While operating expenses continue to increase, these price adjustments offer the postal service essential income to carry out the financial stability requested by its 2 -year American delivery plan," said the agency.
USPS already has plans for its next price increase.
With the latest price increase, customers are now paying three to five hundred more for essential sending such as postcards, letters and stamps forever first. And this is probably not the last time that we will see price increases this year. Instead, officials say that customers should expect another increase this summer.
"The postal service expects that, in each following year, it implement price changes For all the dominant market classes in January and July this year, "said PRC, according to USA today .
The USPS confirmed this Chronology for price increases In a press release in September 2021. "From January 2023, dominant market adjustments will occur twice a year (for example January 2023, July 2023, January 2024, July 2024, etc.)", A indicated the agency. "The dominant market products include first -class mail (FCM), USPS marketing mail, periodicals, package services and special services."
The post office Dejoy defended the increase in the prices of the agency.
These regular price increases are starting to add up for USPS customers. For example, stamp prices are now about 15% more expensive that what they were before 2021, and they almost doubled compared to the 33 cents they cost in 2000, Money Magazine reported.
But general post Louis Dejoy has surpassed the arrow prices of the postal service and clearly indicated that he did not intend to stop the hikes of any time.
"I think we were seriously damaged by at least 10 years of defective pricing model - which cannot be satisfied with one or two annual price increases - in particular in this inflationary environment, "said Dejoy at a meeting of the Postal Service Service Council in 2022." From my point of view, the post industry must be prepared for the continuous use of our authority to increase prices on dominant market products at an uncomfortable rate until we have achieved our goal of projecting a Trajectory that shows us to become self -sufficient - as required by law. ""