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Ground Advantage prices will go up 5.4%, Priority Mail will increase by 5.7%, and Priority Mail Express will be raised 5.9% starting Jan. 21, 2024. USPS said it is also seeking a price increase ...
The price increases are due to the change in mailing and shipping marketplace, according to the U.S. Postal Service. The increase will help cover the service's 10-year Delivering for America plan .
For 2024, they project an additional $6.3 billion in losses. The most recent hike marks the fifth price increase in the past two years. Even more increases are to come as this 10-year plan plays out.
Title II overhauled the process in which the USPS needed to change the rate of products, limiting any increase to the consumer price index. The process that the USPS needed to go through to change rates was also significantly more efficient than the older rate setting system, going from a six month or more process to a two month process. [2]
The Domestic Mail Manual (DMM) is a document that lays out the policies and prices of the United States Postal Service (USPS). In legal parlance, it contains "the Mailing Standards of the United States Postal Service". [1] Changes to the DMM are announced in the Federal Register. [2]
A 2024 study by the USPS Inspector General found that the U.S. had a lower stamp price than 26 out of 30 comparable countries. Additionally, the overall increase in stamp prices from June 2018 to June 2023 (26%) was significantly lower than the average increase of 55% experienced by those same countries.
The USPS has raised postage rates twice in 2024, with a two-cent per stamp increase in January and a second boost in July, which raised the cost of a Forever stamp to 73 cents.
An international reply coupon (IRC) is a coupon that can be exchanged for one or more postage stamps representing the minimum postage for an unregistered priority airmail letter sent to another Universal Postal Union (UPU) member country.
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