The U.S. Postal Service has proposed several rate changes that could take effect in summer 2024.
These tariff increases include increasing a first class stamp from 68 cents to 73 cents. Overall, the proposal provides for an increase in all home services equal to 7.3% of current rates.
The US Postal Service increases rates
These changes will take effect July 14, 2024, if approved by the Postal Regulatory Commission.
Postal Icon Says Submission of New Potential Prices Required “As changes in the mail and shipping market continue, these pricing adjustments are necessary to achieve the financial stability sought by the organization Delivering for America’s 10-year plan. USPS prices remain among the cheapest in the world.”
The Postal Services’ Delivery for America 10-Year Plan was announced on March 23, 2021, and set the stage to effect the “transformation of the United States Postal Service from a financially and operationally challenged organization to a self-sustaining organization.” and high performance.”
The modernization campaign is now in its second year and the institution has published retrospective progress reports in 2002 and 2023.
These changes are as follows:
- Letters (1 ounce) will increase from 68 cents to 73 cents
- Letters (measured at 1 ounce) will increase from 64 cents to 69 cents
- Domestic postcards will increase from 53 cents to 56 cents
- International postcards will increase from $1.55 to $1.65
- International Letter (1 ounce) will increase from $1.55 to $1.65
The US Postmaster General has made some unpopular remarks since he was installed by the former US administration. He once said that American consumers will have to “get used to uncomfortable” rate increases.
The Postal Regulatory Commission will review rate changes which can be found on the commission’s website under the Daily Lists section.
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