The USPS plans its next rate hike for July 2022, and then twice a year, beginning in January 2023, reports Bill McAllister, the Washington correspondent for Linn’s Stamp News in its October 4th issue, which went online Saturday. The USPS said it did not plan a rate increase in January 2022.
The proposed rate increases would be on what the USPS calls its “market dominant” products, or services, such as first-class mail, advertising mail, periodicals, packages, and anything else in which the agency has a monopoly.
It competes with other services on products like Priority Mail and Priority Mail Express (which most customers still call “Express Mail.”
The USPS says it will be “judicious” in how it uses whatever authority to raise rates the Postal Regulatory Commissions gives it, but market conditions are likely to require the maximum increases allowed.
McAllister reports commercial mailers’ groups are protesting the plan, and saying they doubt the USPS will not raise rates as much as it can, because it does have that monopoly.
You can read more of McAllister’s story, without a subscription, here.