![]() ![]() Last year, President Joe Biden signed into law a bipartisan bill codifying changes that could save the USPS up to $50 billion over the next decade. However, there are a few caveats you should be aware of: You shouldn’t insure your items above their value. Should the worst happen, you’ll be covered. These increases will raise First-Class Mail prices. All letters or parcels sent through First Class Mail are insured against loss or damage. ![]() Rates differ for each category and determined by the size of the piece. Postal Service remain among the most affordable in the world.” The new rates include a 3-cent increase in the price of a First-Class Mail Forever stamp from 63 to 66. There are 4-categories of First Class Mail: letters, postcards, flats and parcels. The cost of sending a first-class one-ounce metered letter, for example, will rise to 63 cents and domestic postcards will jump to 51 cents. “As operating expenses fueled by inflation continue to rise and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan,” the USPS said in a release. Beyond forever stamps, a handful of other mail services will also see price increases starting Sunday. The increases are part of Postmaster General Louis DeJoy’s “Delivering for America” initiative, a 10-year plan to modernize the country’s postal network and achieve financial stability for the postal service. The agency is also seeking cost increases for other products, including Certified Mail, Post Office Box rental fees and money order fees., First Class Presorted Automation Flat Rates are increasing by. Other increases proposed Monday include raising the price of a domestic postcard from 48 cents to 51 cents, and the cost of an international postcard or 1 oz. First Class Presorted Automation Letter Rates will go up on average 6 or. All told, the new price for a first-class stamp would be a 32% increase dating back to early 2019, when the price of a stamp increased from 50 cents to 55 cents. The Postal Service said it delivered 13.9 billion pieces of first-class mail (letters, cards and bill payments) in 2021, down from 23.2 billion in 2012. The beleaguered postal service received approval in January to increase the price of a first-class stamp from 60 cents to 63 cents. The USPS says the hike is necessary to offset inflationary pressures. Other services will see a modest increase. The good news is that the cost of a First-Class Forever Stamp for a letter of 1-ounce or less will stay at 55 cents and the 1-ounce flat rate will also stay at its current price of 1. The 5.4% hike would go into effect on July 9 if approved by the Postal Regulatory Commission. The United States Postal Service has announced that postage and shipping increases will take effect on January 24, 2021. Standard-sized, rectangular envelopes start at 0.55 and go up per ounce. The United States Postal Service on Monday proposed an increase in the price of a first-class mail stamp, raising the cost from 63 cents to 66 cents. And while the price is higher than standard mail, first class is still very affordable. ![]()
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