Get ready for some price hikes at the United States Postal Service.
The USPS filed notice of price changes to take effect Jan. 27, 2019.
The proposed prices, approved by the Governors of the Postal Service, would raise Mailing Services product prices approximately 2.5 percent. Shipping Services price increases vary by product. For example, Priority Mail Express will increase 3.9 percent and Priority Mail will increase 5.9 percent. Although Mailing Services price increases are based on the Consumer Price Index (CPI), Shipping Services prices are primarily adjusted according to market conditions. The Governors believe these new rates will keep the Postal Service competitive while providing the agency with needed revenue.
If favorably reviewed by the PRC, the new prices will include a 5-cent increase in the price of a First-Class Mail Forever stamp, from 50 cents to 55 cents. The single-piece additional ounce price will be reduced to 15 cents, so a 2-ounce stamped letter, such as a typical wedding invitation, will cost less to mail, decreasing from 71 cents to 70 cents.
The proposed Mailing Services price changes include:
| Product Letters (1 oz.) Letters additional ounces Letters (metered 1 oz.) Outbound International Letters (1 oz.) Domestic Postcards |
Current 50 cents 21 cents 47 cents $1.15 35 cents |
Proposed 55 cents 15 cents 50 cents $1.15 35 cents |
The proposed domestic Priority Mail Retail Flat Rate price changes are:
| Product Small Flat Rate Box Medium Flat Rate Box Large Flat Rate Box APO/FPO Large Flat Rate Box Regular Flat Rate Envelope Legal Flat Rate Envelope Padded Flat Rate Envelope |
Current $7.20 $13.65 $18.90 $17.40 $6.70 $7.00 $7.25 |
Proposed $7.90 $14.35 $19.95 $18.45 $7.35 $7.65 $8.00 |
The PRC will review the prices before they are scheduled to take effect Jan. 27, 2019.
The last time they raised their price, I stocked up on forever stamps, then they lowered their price. How do we know they won’t do this again?