The price of mailing a letter may rise from 55 cents to 58 cents by the end of August.
The U.S. Postal Service filed notice with the Postal Regulatory Commission requesting the price change — among others — to take effect Aug. 29. The new rates would include:
- Letters (1 ounce): 58 cents (up from 55 cents)
- Letters (metered 1 ounce): 53 cents (up from 51 cents)
- Domestic postcards: 40 cents (up from 36 cents)
- Flats (1 ounce): $1.16 (up from $1)
- Outbound international letters (1 ounce): $1.30 (up from $1.20)
The Postal Regulatory Commission is an independent federal agency that oversees the Postal Service.
The proposed rate hikes are part of “Delivering for America,” a 10-year plan to “achieve financial sustainability and service excellence,” according to the Postal Service.
The first-class mail price hikes are intended to offset declining revenue due to a lower volume of such mail being delivered. According to a Postal Service press release:
“In the past 10 years, mail volume has declined by 46 billion pieces, or 28 percent, and is continuing to decline. Over the same period, First-Class Mail volume has dropped 32 percent, and single piece First-Class Mail volume — including letters bearing postage stamps — has declined 47 percent.”
First-class mail includes standard-size mail and large envelopes.
Unfortunately, the rise in Postal Service pricing is unlikely to curb the activity of those who send out junk mail. If you want to put the brakes on this scourge, check out “5 Ways to Put an End to Junk Mail.”
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