USPS plans one of its most important price increases for July
The agency's prices increased only to another occasion.
Only seven years ago, you could buy a stamp for less than 50 cents in your premises post Office . But it surely looks like science fiction at this stage. The price of an individual stamp reached the threshold of 60 cents in 2022, and it has continued to climb since then. Now, just a few months after the last increase in rates, the American postal service (USPS) revealed that it was planning one of its most important price increases for July.
In relation: 6 major changes The post office Louis Dejoy brought to the USPS . AE0FCC31AE342FD3A1346EBB1F342FCB
most Recent price risk Since the postal service has occurred on January 21 of this year, bearing the cost of a first class cachet forever at 68 cents. It was an increase of 2 cents compared to its previous price of 66 cents.
In a new April 9 press release , the USPS announced that it had made an opinion from the Postal Regulatory Commission (PRC) to increase prices again this year in July. The agency also increased stamp costs twice last year, in January and July - something general post Louis Dejoy said he planned to continue doing each year in the foreseeable future as part of his 10th anniversary Deliver for America Plan (DFA).
But if it is approved by the PRC, it will be one of the most important price increases in the history of the USPS. According to the new version, the agency offers a bump of 5 cents at the price of a first class stamp forever, from 68 cents to 73 cents, to take effect on July 14.
This is the highest increase ever offered under the direction of Dejoy. Since 2021, it has increased stamp rates between 2 and 3 cents each time.
From 1863 to now, there has only been in the history of postal service only Cost of a stamp forever went so much. It was in January 2019, when the former general post office Megan Brennan also published an increase of 5 cents to get the price by stamp from 50 cents to 55 cents.
In relation: USPS chief Louis Dejoy criticized "fanatic devotion to price hikes".
Overall, the USPS said that its new prices offered would increase the prices of distribution services by around 7.8%.
"As changes in the distribution and transport transport market continue, these price adjustments are necessary to carry out the financial stability requested by the organization's delivery plan at 10 years," said the agency in its press release. "USPS prices are among the most affordable in the world."
But not everyone is sold on this explanation. Keep us informed, a non-profit advocacy group of consumers, non-profit organizations, newspapers, publishers of greeting cards, magazines, catalogs and small businesses, Call for the RPC To reject the new postal service proposal.
"The USPS systematically blame increases in frequent shipping costs on inflation, but inflation is only a subject of discussion, when rate increases are systematically distant and above the price of the index of to consumption "," Kevin Yoder , a former member of the Kansas Republican Congress and Executive Director of Keep US, said in a statement. "Price increases lead to a disastrous drop in mail volume, which is still the largest money manufacturer for the USPS."