U.S. Postal Service Announces New Prices for 2022
The United States Postal Service recently filed notice with the Postal Regulatory Commission of price changes to take effect July 10. 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 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.
The proposed Mailing Services price changes include:
|Product||Current Price||Planned Price|
|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||$1.40|
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 10 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.
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