U.S.P.S Announces New Prices for 2023

U.S. Postal Service Announces New Prices for 2023-Forever Stamp to Rise Three Cents

The old adage, “what goes up, must come down” certainly does not apply to any parcel shipping rates.  To no one’s surprise, the United States Postal Service, (USPS), has filed a notice with the Postal Regulatory Commission (PRC) of price changes to take effect Jan. 22, 2023. The new rates include a three-cent increase in the price of a First-Class Mail Forever stamp from 60 cents to 63 cents.

If favorably reviewed by the Commission, (and there is no reason to believe it will not be approved), the proposed increases will raise First-Class Mail prices approximately 4.2 percent to offset the rise in inflation. The price changes have been approved by the Governors of the U.S. Postal Service.

• The price for 1-ounce metered mail will increase to $0.60, and the price to send a domestic postcard will increase to $0.48.
• A 1-ounce letter mailed to another country would increase to $1.45. There will be no change to the single-piece letter and flat additional-ounce price, which remains at $0.24.
• 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 the following:

According to USPS sources, as operating expenses continue to rise, these price adjustments provide the Postal Service with much needed revenue to achieve the financial stability sought by its “Delivering for America 10-year plan.” The prices of the U.S. Postal Service remain among the most affordable in the world.

The PRC will review the changes before they are scheduled to take effect. 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.gov/dockets/daily. The Mailing Services filing is Docket No. R2023-1. The price tables are also available on the Postal Service’s Postal Explorer website at pe.usps.com/PriceChange/Index.

And the constant reminder we receive from the USPS every time they increase rates, “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.” 

For more information on this or to find out how to navigate rising transportation and logistics costs, please contact us.