USPS has just announced its next price increase, and it happens soon
The agency plans to increase costs for customers for the fifth time since 2021.
THE American postal service (USPS) is in the middle of a major overhaul - and it's not short. When the postmaster Louis Dejoy Over three years ago, he swore to withdraw the agency from financial ruin and make it profitable again. To do this, Dejoy launched his 10 -year transformation plan called Deliver for America (DFA) in 2021, and gradually made regular changes to the USPS as part of the initiative. For customers, one of the most notable has been the rise in costs, and unfortunately, there is another update on the horizon. Read the rest to learn more about the next increase in USPS prices.
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The USPS has increased prices several times in recent years.
Since the introduction of DFA, the USPS has continued to increase costs for customers. Price changes started in August 2021, when the agency increased the price a stamp forever from 55 to 58 cents. The cost then reached 60 cents in July 2022, then 63 cents at the start of this year.
The most recent increase in prices struck in the summer: on July 9, postal service increased the cost Tampon forever from 63 cents to 66 cents. And now the USPS is preparing to increase this number again.
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The agency again increases the cost of stamps.
The postal service seeks to increase mail costs again, in the fifth increase in the rate since the start of the DFA. In a October 6 Press release , the agency announced that it had filed an opinion from the Shipping Fees Regulatory Commission (RPC) of its next price increase. According to the press release, the USPS plans to increase the prices of broadcasting service products by around 2%.
"While inflationary pressures on operating expenses are continuing and the effects of a previously defective pricing model are still in line, these price adjustments are necessary to provide the postal service essential income to carry out the Financial stability requested by its delivery for America by 10 years plan, "said the agency. "The prices of the postal service remain among the most affordable in the world."
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It is expected to come into force in January.
The USPS wishes to implement its new price increase at the start of next year. If it is favorable to the favorable approval of the RPC - like the last four agency increases were - the higher costs for customers would take effect from January 21, 2024. AE0FCC31AE342FD3A1346EBB1F342FCB
"The new prices include an increase of 2 cents in the price of a first class messaging stamp forever, from 66 cents to 68 cents," the postal service said in its press release.
A stamp will not be the only thing you will have to pay more, however. Price changes also include the increase in letters of 1 ounce measured from 63 cents to 64 cents; Domestic postcards from 51 cents to 53 cents; International postcards from $ 1.50 to $ 1.55; and international letters from 1 ounce of $ 1.50 to $ 1.55.
"There will be no change in the price of the additional ounce, which remains at 24 hundred," said the USPS in its communication. "The postal service is also looking for price adjustments for special service products, including certified mail, office box rental fees, mandate costs and the cost of purchasing insurance during post D 'an article."
The postal service will probably continue to increase prices.
Do not expect it to be the last time that the cost of your mail has increased in the coming years. The USPS said it worked to adopt a "more rational price approach" since the introduction of its DFA plan in order to correct "16 years of poorly aligned pricing policies".
During a meeting in 2022 with the Council of Governors of the USPS, Dejoy told members that customers should be prepared for the postal service for Continue to increase prices "At an uncomfortable pace" until the agency reaches a point where it is on the right track of being self -sufficient in the long term, said Federal News Network at the time.
"I believe that we have been seriously damaged by at least 10 years of a defective pricing model, which cannot be satisfied with one or two annual price increases, in particular in this inflationary environment," said the master of General post.
According to agency website , you should expect rate adjustments twice a year, once in January and again in July.
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