Postal Service Eyes January Rate Hikes
The U.S. Postal Service (USPS) is planning to raise virtually all rates a bit in January, apparently including a one-cent hike of the Forever Stamp, to 50 cents. And it’s also hoping it will soon get the power to implement larger rate hikes.
The USPS will raise rates for both market-dominant mail (such as First Class and Marketing Mail) and competitive mail (such as Priority Mail) on Jan. 21, 2018, postal officials told mailing-industry representatives this week.
A postal official indicated that rates would rise from 1 percent to 3 percent for most market-dominant products, according to attendees at a meeting of the Mailers Technical Advisory Committee.
Postal officials didn’t spell out what any of the new rates would be. But a statement that the increase for letter mail would be about 2 percent almost certainly means that the price of the popular Forever Stamp for First Class letters will rise from 49 cents to 50 cents (a 2.04 percent hike).