USPS Price Adjustments Set for April 17 Print

Menlo Park, California, February 22, 2011


The Postal Service price changes it announced last month have been approved by the Postal Regulatory Commission. The 44-cent price of a first-class stamp won't change, but heavier letters will cost more. That basic rate covers the first ounce, and the price for each extra ounce will rise from 17 cents to 20 cents.


The increase comes under a formula that allows the agency to raise prices within the rate of inflation. That would permit an increase of 1.7 percent averaged over all mail.


The Postal Service lost $8.5 billion last year despite cuts of more than 100,000 jobs and other reductions in recent years. The agency has lost considerable business to the Internet and the recession also cut sharply into its business.


Last summer the post office sought an increase that would have exceeded inflation, citing the unusual business conditions of the recession. That was rejected by the independent Postal Regulatory Commission. The post office has appealed and, in the meantime, sought the increase approved Friday.


Its filing with the Postal Regulatory Commission also said the agency expects to raise rates annually in mid-April. The last rate increase was in May 2009.


Most price changes will affect other mailing services, including Standard Mail, Periodicals, Package Services and Extra Services. Larger volume business mailers will see price increases in a variety of categories. Detailed pricing information is available online at
www.usps.com/prices.


See the official USPS press release here: http://www.usps.com/communications/newsroom/2011/pr11_017.htm


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