The USPS submitted plans for another price increase to take effect January 21, 2024. The Postal Regulatory Commission (PRC) has not given formal approval of the proposed increase yet, but there are no signs it will be rejected. That means we should begin preparing now for the change. If you’d like to learn more about the specifics, you can read the full article on the USPS website here.
If approved, the new rates would raise mailing service product prices approximately 2 percent and would include the following changes:
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First-Class Mail
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Product
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Current Rate
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Jan. 21, 2024
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Change
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Letters (1 oz.)
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$0.66
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$0.68
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+$0.02
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Letters (Metered 1 oz.)
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$0.63
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$0.64
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+$0.01
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Postcard
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$0.51
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$0.53
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+$0.02
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Flats (1 oz.)
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$1.35
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$1.39
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+$0.04
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Certified Mail
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Extra Services
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Current Rate
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Jan. 21, 2024
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Change
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Certified Mail
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$4.35
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$4.40
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+$0.05
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Return Receipt Retail
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$3.55
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$3.65
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+$0.10
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Return Receipt Electronic
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$2.20
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$2.32
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+$0.12
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The complete Postal Service price filing, with prices for all products, can be found on the PRC website under the Daily Listings section at prc.arkcase.com/portal/home.
For those of you who like to dig a little deeper, you can compare the current rates with the proposed rates. It’s important to note, however, that if you’re using the current rates link after the effective date, the prices will be replaced with the new rates.
If you’re a current HC3 client, feel free to reach out to your account manager with any additional questions. If you’re not part of the HC3 family, we’re happy to help you navigate this rate increase as well. To do so, leave a comment below and our team will follow up with you directly.
