USPS Proposes Price Changes for July 2024
On April 9th, 2024, the USPS filed notice with the Postal Regulatory Commission for recommended price changes. If approved, these changes are scheduled to take affect on July 14th, 2024. Included in the proposed rates is a 5-cent increase in the cost of First-Class Mail Forever stamp.
The proposed adjustments, which have been approved by the governors of the Postal Service, would raise mailing service prices approximately 7.8%. Highlighted below are some of the proposed price changes.
Market Dominant Price Changes:
Product
Current Price
Planned Price
Letter (1oz)
$0.68
$0.73
Letter (metered 1oz)
$0.64
$0.69
Domestic Postcards
$0.53
$0.56
Additional cost per ounce (Letters)
$0.24
$0.28
International Postcards
$1.55
$1.65
International Letter (1oz)
$1.55
$1.65
Product
Letter (1oz)
Current Price
$0.68
Planned Price
$0.73
Letter (metered 1oz)
Current Price
$0.64
Planned Price
$0.69
Domestic Postcards
Current Price
$0.53
Planned Price
$0.56
Additional cost per ounce (Letters)
Current Price
$0.24
Planned Price
$0.28
International Postcards
Current Price
$1.55
Planned Price
$1.65
International Letter (1oz)
Current Price
$1.55
Planned Price
$1.65
As changes in the mailing industry continue, the USPS believes that these increases are necessary to achieve financial stability as part of their Delivering for America 10-year Plan. Currently these changes are in review with the Postal Regulatory Commission. If favorably reviewed and approved, all scheduled changes will take affect on Sunday July 14th, 2024.
FP will monitor the progress of these changes and will continue to communicate important information as it comes in. For a full list of the proposed changes please visit the USPS website here https://pe.usps.com/pricechange/index.
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Published at: 04/17/2024
Lucas Bingham is the Product and Business Development Specialist at FP Mailing Solutions. He has been with FP since 2017 and spends the bulk of his time working on FP’s digital solutions. When not at work Lucas enjoys being outside and spending time with his wife and two puppies, Clark and Nova.
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