The hits keep coming from the U.S. Postal Service.
Not only is USPS raising the cost of a first-class stamp later this month and slowing down some of its deliveries starting in October, but now comes word of another temporary holiday price hike like we saw last year.
The Postal Service proposed on Aug. 10 increased rates during the busy year-end season, during which the service says increased demand usually increases its handling costs.
Price hikes would affect commercial and retail domestic parcels, including those that individual customers ship via Priority Mail Express and Priority Mail.
The hikes will not extend to international products.
If the Postal Regulatory Commission approves the increases, they would be in effect from Oct. 3 through Dec. 25. In other words, on Dec. 26, prices would revert to what they were previously.
The Postal Regulatory Commission is an independent federal agency that has regulatory oversight over the Postal Service.
According to the Postal Service, the price hikes would average 5.3% for Priority Mail and 2.3% for Priority Mail Express, which is the faster of the two shipping services.
For both services, the prices of flat-rate boxes and envelopes would increase by 75 cents. Other price increases would vary depending on factors like package weight and delivery zone.
Information about additional increases can be found at the USPS website.
Hoping to put an end to unwanted mail before the holidays arrive? Check out “5 Ways to Put an End to Junk Mail.”
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.