USPS will implement mail price increases in July

Last week, the US 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 services product prices approximately 7.8 percent. If approved by the commission, the price changes would include:

• letters (1 ounce), increase from .68 cents to .73
• letters (metered 1 ounce), increase from .64 to .69
• domestic postcards, increase from .53 to .56
• international postcards, increase from $1.55 to $1.65
• international letter (1 ounce), increase from $1.55 to $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. 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,” according to the USPS.

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