United States Postal Service (USPS) will raise The price of first-class stamps will remain unchanged, but the shipping price will be lowered in early 2025.
of proposed price increaseThe bill, which goes into effect on January 19, includes a 3.2% price increase for Priority Mail and Priority Mail Express services. USPS Ground Advantage rates will increase by 3.9 percent, while Parcel Select Service rates will see the most significant increase at 9.2 percent.
price adjustment approved Approved by the USPS Board of Directors and submitted to the Postal Regulatory Commission for review.
new rates approval required From the Committee prior to its entry into force.
The Postal Service announced that it will not increase postal service fees in January. In other words, the shipping charges for regular letters will remain the same.
The rate change is part of the agency's 10-year modernization plan, Delivering for America, to achieve fiscal sustainability. Postal officials say the adjustments will help support $40 billion in planned investments in personnel, technology and infrastructure improvements.
Unlike postal service rates, which are tied to the Consumer Price Index, delivery service prices are adjusted based on market conditions.
The Postal Service receives no tax dollars to fund its operations, but relies on postage and product sales to fund its operations.
