As expected, the Postal Rate Commission granted the USPS request. The details are in the press release about the proposal.
[press release] [click on any of the pictures for larger versions]
U.S. Postal Service Recommends New Prices for July 2024
WASHINGTON, DC — Today [April 9, 2024], the U. S. Postal Service filed notice with the Postal Regulatory Commission of mailing services price changes to take effect 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 governors of the Postal Service, would raise mailing servicesproduct prices approximately 7.8 percent. If favorably reviewed by the commission, the price changes would include:
Product Letters (1 oz.) Letters (metered 1 oz.) Additional Ounces Domestic Postcards International Postcards International Letter (1 oz.) |
Current Prices 68¢ 64¢ 24¢ 53¢ $1.55 $1.55 |
Proposed Prices 73¢ 69¢ 28¢ 56¢ $1.65 $1.65 |
The additional-ounce price 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 price reduction of 10 percent for postal insurance when mailing an item.
As changes in the mailing and shipping marketplace continue, these price adjustments are needed to achieve the financial stability sought by the organization’s Delivering for America 10-year plan. USPS prices remain among the most affordable in the world.
The commission will review the changes before they are scheduled to take effect. The complete Postal Service price filing, with prices for all products, can be found on the commission’s website under the Daily Listings section. The Mailing Services filing is Docket No. R2024-2. The price tables are also available on the Postal Service’s Postal Explorer website at pe.usps.com/PriceChange/Index.
VSC Notes:
The USPS filing says the 5¢ increase is 7.674%.
Of interest to those of us who mail “flats” (large envelopes that can bend), the USPS filing says,”The Postal Service is also making a change to the price structure of domestic First-Class Mail Flats. Currently, and for some time, Flats have been
priced by the ounce, with a base price for the first ounce and a single price for each additional ounce. That is, the price differential from one ounce to the next is constant.
“Under the proposed price structure here, the Postal Service would price each ounce independently, so the price diff erential from ounce to ounce may vary. This structure should provide greater flexibility in pricing First-Class Mail
Flats.”
Based on the filing, a one-ounce flat would go from $1.39 to $1.50, two-ounce from $1.63 to 1.77, three-ounce from $1.83 to $2.04, and so on: 11 to 21 cents in each of these cases.
Periodicals will increase nearly 10%.
Stamp Fulfillment Services fees will increase 8.641%