On October 6th, 2023 the USPS filed notice with the PRC for price changes that would be scheduled to take effect on January 21st, 2024. The new rates include a 2-cent increase in the price of a First-Class Forever Stamp, from 66 cents to 68 cents.
If favorably reviewed by the PRC, the proposed increases will raise the cost of mailing services prices by approximately 2%. Detailed below are some of the proposed price changes.
Product
Current Price
Planned Price
Letter (1 oz)
66 cents
68 cents
Letter (metered 1 oz)
63 cents
64 cents
Domestic Postcards
51 cents
53 cents
International Postcards
$1.50
$1.55
International Letter (1 oz)
$1.50
$1.55
Product
Letter (1 oz)
Current Price
66 cents
Planned Price
68 cents
Letter (metered 1 oz)
Current Price
63 cents
Planned Price
64 cents
Domestic Postcards
Current Price
51 cents
Planned Price
53 cents
International Postcards
Current Price
$1.50
Planned Price
$1.55
International Letter (1 oz)
Current Price
$1.50
Planned Price
$1.55
There will be no change to the additional ounce price which will remain at 24 cents, but the USPS is seeking approval for price adjustments to certain Extra Services, including Certified Mail, and the cost to purchasing insurance.
One of the more noteworthy changes for meter customers is that the USPS will only be increasing metered postage by 1 cent, while increasing the cost of a Forever Stamp by 2 cents. This grows the meter savings to 4 cents when running First Class Letters through a postage machine!
As inflationary pressures on operating expenses continue, these price adjustments are needed to provide the Postal Service with much needed revenue to achieve its Delivering for America 10-year plan. The full proposed price file can be seen on the Postal Explorer website here.
At this time there is no action needed by customers. We will continue to keep our Rate Change Center up-to-date with the latest information.
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Lucas Bingham is the Product and Business Development Specialist at FP Mailing Solutions. He has been with FP since 2017 and spends the bulk of his time working on FP’s digital solutions. When not at work Lucas enjoys being outside and spending time with his wife and two puppies, Clark and Nova.
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