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April 6, 2022
U.S. Postal Service Announces New Prices for 2022
Two Cents Increase for Forever Stamp
WASHINGTON, DC — Today the United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect July 10, 2022. The new prices, if favorably reviewed, include a two-cent increase in the price of a First-Class Mail Forever stamp from 58 cents to 60 cents.
The proposed prices, approved by the Governors of the U.S. Postal Service, would raise First-Class Mail prices approximately 6.5 percent which is lower than the Bureau of Labor Statistics annual inflation rate of 7.9 percent as of the end of February. The price changes reflect a judicious implementation of the Postal Service’s pricing authority provided by the Postal Regulatory Commission.
If favorably reviewed by the PRC, the single-piece letter additional ounce price would increase to 24 cents, the metered mail 1-ounce price would increase to 57 cents and the price of a postcard stamp would increase to 44 cents. A one-ounce letter mailed to other countries would increase to $1.40 cents. The Postal Service is also seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, Money Order fees and the cost to purchase insurance when mailing an item.
The proposed Mailing Services price changes include:
Product
Current Prices
Planned Prices
Letters (1 oz.)
58 cents
60 cents
Letters (metered 1 oz.)
53 cents
57 cents
Letters additional ounce(s)
20 cents
24 cents
Domestic Postcards
40 cents
44 cents
International Letter (1 oz.)
$1.30 cents
$1.40 cents
As inflation and increased operating expenses continue, these price adjustments will help with the implementation of the Delivering for America plan, including a $40 billion investment in core Postal Service infrastructure over the next ten years. With the new prices, the Postal Service will continue to provide the lowest letter-mail postage rates in the industrialized world and offer a great value in shipping.
The PRC will review the prices before they are scheduled to take effect. The complete Postal Service price filing with prices for all products can be found on the PRC site under the Daily Listings section at prc.gov/dockets/daily. The Mailing Services filing is Docket No. R2022-1. The price change tables are also available on the Postal Service’s Postal Explorer website at pe.usps.com/PriceChange/Index.
The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products, and services to fund its operations.
U.S. Postal Service Announces New Prices for 2022
Two Cents Increase for Forever Stamp
WASHINGTON, DC — Today the United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect July 10, 2022. The new prices, if favorably reviewed, include a two-cent increase in the price of a First-Class Mail Forever stamp from 58 cents to 60 cents.
The proposed prices, approved by the Governors of the U.S. Postal Service, would raise First-Class Mail prices approximately 6.5 percent which is lower than the Bureau of Labor Statistics annual inflation rate of 7.9 percent as of the end of February. The price changes reflect a judicious implementation of the Postal Service’s pricing authority provided by the Postal Regulatory Commission.
If favorably reviewed by the PRC, the single-piece letter additional ounce price would increase to 24 cents, the metered mail 1-ounce price would increase to 57 cents and the price of a postcard stamp would increase to 44 cents. A one-ounce letter mailed to other countries would increase to $1.40 cents. The Postal Service is also seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, Money Order fees and the cost to purchase insurance when mailing an item.
The proposed Mailing Services price changes include:
Product
Current Prices
Planned Prices
Letters (1 oz.)
58 cents
60 cents
Letters (metered 1 oz.)
53 cents
57 cents
Letters additional ounce(s)
20 cents
24 cents
Domestic Postcards
40 cents
44 cents
International Letter (1 oz.)
$1.30 cents
$1.40 cents
As inflation and increased operating expenses continue, these price adjustments will help with the implementation of the Delivering for America plan, including a $40 billion investment in core Postal Service infrastructure over the next ten years. With the new prices, the Postal Service will continue to provide the lowest letter-mail postage rates in the industrialized world and offer a great value in shipping.
The PRC will review the prices before they are scheduled to take effect. The complete Postal Service price filing with prices for all products can be found on the PRC site under the Daily Listings section at prc.gov/dockets/daily. The Mailing Services filing is Docket No. R2022-1. The price change tables are also available on the Postal Service’s Postal Explorer website at pe.usps.com/PriceChange/Index.
The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products, and services to fund its operations.
Comments
Wouldn't it be wunnerful if they were forever stamps.
Gotta go and decide if I really have to raise my shipping. Sigh....
So, now they need China’s approval, before raising rates?
Please note that the following charges are for a particular size of PO Box. There are smaller sizes that cost less and larger sizes that cost more. I am assuming that their increases in rental fees are about the same on a percentage basis.
In October of 2019 and October of 2020, a full year PO Box rental cost $92.00.
In October of 2021, the cost for a full year rental rose to $188.00. At that time, I only paid for a six month extension of my rental ($94.00).
I have to renew my PO Box rental by the end of this month, and fee for a full year is now $212.00. Guess I should have paid for a full year last October, but I didn't expect the fee to rise again that quickly.
And now that statement that the PO Box rental fee is to be increased again has me questioning whether I should just have my mail delivered to my home address free of charge.
The reasons I have retained my PO Box over the years is because I don't have to worry about theft or damage (weather or vandalism) of mail in my mailbox and because the Post Office will retain all of your mail at the PO Box address (Post Office) until you come to pick it up for as long as the PO Box rental is maintained. The Postal Service will only hold your mail for four weeks if you temporarily stop delivery to your mailbox. I have repeatedly been absent for longer periods when traveling and did not want to have to burden a fried to continually pick up my mail and hold it until I returned. The PO Box rental fee has been slowly rising over the years, but what has been happening the last two years is crazy.
My old PO box that I am still using used to be 30 years ago $25.00 a year. I got my renewal notice this week at $100.00. Needless to say I will not be renewing it since I have a box in my new town.