USPS just implemented its last price increase a few days ago on large packages and now comes news that the US Postal Service has filed a notice with the Postal Regulatory Commission (PRC) of another new price increase to take effect on July 10, 2022.
If approved by the PRC, the new prices would include a two-cent increase in the price of a First-Class Mail Forever stamp from 58 cents to 60 cents.
Other proposed price increases by USPS impact the following mailing services:
- Letters (1 oz.): from 58 cents to 60 cents (up 2 cents)
- Letters (metered 1 oz.): from 53 cents to 57 cents (up 4 cents)
- Letters additional ounce(s): from 20 cents to 24 cents (up 4 cents)
- Domestic Postcards: from 40 cents to 44 cents (up 4 cents)
- International Letter (1 oz.): from $1.30 to $1.40 (up 10 cents)
USPS Proposed Price Increase Impact on eCommerce
For marketplace sellers and online merchants, the biggest impact of these proposed price increases will be the cost of First-Class letter pricing for inexpensive and flat items that are often shipped with that service.
The Postal Service said in its announcement, “as inflation and increased operating expenses continue, these price adjustments will help with the implementation of the Delivering for America plan, including a $40 billion investment in core Postal Service infrastructure over the next ten years.”
USPS said that even after the price increase it will continue to offer the lowest letter-mail postage rates in the industrialized world and value in shipping.
The PRC will review the prices before they are scheduled to take effect, but based on previous history, it seems these will likely be approved.
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