![]() It encouraged the Postal Service to set a schedule for price adjustments "that minimizes costs and disruptions. The Commission countered that "nothing in the statute or regulations dictates the frequency of price adjustments or the timing of when they are to occur." The nonprofit NPCC urged the Postal Regulatory Commission to consider whether it could discourage the Postal Service from filing multiple rate changes in a 12-month period. In October 2021, the Postal Service started lengthening delivery times for about a third of its volume, meaning that letters, parcels and magazines that took two or three days can now take up to five to arrive. The Postal Service generally receives no tax dollars for operating expenses, relying on the sale of postage, products and services to fund its operations.ĭeJoy's plans include increasing postage rates, lengthening delivery times and reducing post office hours. The agency has an annual budget deficit of $10 billion and, at the end of fiscal year 2020, was carrying $188 billion in debts and unfunded liabilities, the Government Accountability Office reported - mostly from underfunding of workers' pensions and retiree health care benefits. The rate hikes are part of Postmaster General Louis DeJoy's 10-year Delivering for America plan, intended to chip away at the Postal Service's mammoth debt. More detailed pricing information can be found on the Postal Service's Postal Explorer website. As noted by Cheryl Ganz, curator emerita of the Smithsonian National Postal Museum in Washington, Gross’s collection of American stamps is unrivaled in the history of private stamp. There was no price increase for Parcel Select Ground or USPS Connect Local, which allows businesses to offer same-day and next-day delivery for local customers. The new rates are still "well below the rate of inflation," the Postal Service said in a statement. Priority Mail Express became 6.6% more expensive, First Class Package Service prices were bumped up by 7.8% and Priority Mail commercial rates increased by about 3.6%. The US Postal Service increased the cost of sending packages via Priority Mail by about 5.5%. You can buy stamps at online retailers like Amazon or directly at the US Postal Service website. First-class stamps increased from 60 cents to 63 cents, while international letters and postcards jumped from $1.40 to $1.45. The cost of first-class mail went up about 4.2% on average. Read more: What's the Cheapest Way to Ship: UPS, FedEx or US Postal Service? How much is the price of stamps going up? Robert Johnston.Here's what you need to know about stamp prices, including what the new rates are and what you can do to delay paying more. Get the best deal for 10 Cent US Aviation Stamps from the largest online selection at eBay.ca. Officer, 2012, "The Annual Consumer Price Index for the United States, 1774-2010," MeasuringWorth, on line. ![]() Department of Labor, Bureau of Labor Statistics, 2022, "Historical Consumer Price Index for all urban consumers (CPI-U)," on line 1866-1912 from Lawrence H. (Sidney, OH), supplemented by Dart, Andrew K., 2021, "The history of postage rates in the United States," Akdart, on line. ![]() Co., 2004, Scott 2004 Specialized Catalogue of U.S. * Postal rates as of July 1, base rate for first 1/2-ounce or first ounce CPI annual averages.
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