The U.S. Postal Service (USPS) has recommended new prices that will take effect on July 14, 2024.
The U.S. Postal Service (USPS) filed a notice with the Postal Regulatory Commission regarding changes to mail service prices that will take effect on July 14, 2024.
The new rates include a 5-cent increase in the price of a First-Class Mail Forever stamp from 68 cents to 73 cents.
The proposed adjustments, approved by the Postal Service’s governors, would raise the prices of postal service products by approximately 7.8%.
If the commission reviews them favorably, the price changes would include:
Product: Letters (1 oz.)
Current prices: 68 cents
Planned prices: 73 cents
Product: Metered Letters (1 oz.)
Current prices: 64 cents
Planned prices: 69 cents
Product: Domestic Postcards
Current prices: 53 cents
Planned prices: 56 cents
Product: International Postcards
Current prices: $1.55
Planned prices: $1.65
Product: International Letters (1 oz.)
Current prices: $1.55
Planned prices: $1.65
The price of an additional ounce for single-piece letters increases from 24 cents to 28 cents. The Postal Service is also seeking price adjustments for Special Services products, including certified mail and money order fees. Notably, there will be no price increase for Post Office Box rental fees, and the Postal Service will apply a 10% price reduction for mail insurance when sending an item by mail.
The Postal Service notes that as market changes in mailing and shipping continue, these price adjustments are necessary to achieve the financial stability sought by the organization’s 10-year Delivering for America plan, and it highlights that USPS prices remain among the most affordable in the world.
The commission will review the changes before they take effect. The Postal Service’s full price filing, including prices for all products, can be found on the commission’s website under the Daily Listings section; the Mail Services filing is Docket No. R2024-2. Meanwhile, price tables are also available on the Postal Service’s Postal Explorer website.
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