US Postal Service recommends new prices for July

The U. S. Postal Service filed notice with the Postal Regulatory Commission of mailing services price changes to take effect July 14. The new rates include a 5-cent increase in the price of a First-Class Mail Forever stamp from 68 cents to 73 cents. The proposed adjustments, approved by the governors of the postal service, would raise mailing services product prices approximately 7.8%. If favorably reviewed by the commission, the price changes would include: • Letters, 1 ounce, from 68 cents to 73 cents. • Letters, metered, 1 ounce, form 64 cents to 69 cents. • Domestic postcards, from 53 cents to 56 cents. • International postcards, from $1.55 to $1.65. • International letter, 1 ounces, from $1.55 to $1.65. The additional-ounce price for single-piece letters will increase from 24 cents to 28 cents. The postal service is also seeking price adjustments for special services products, including certified mail and money order fees. Notably, there will be no price increase for post office box rental fees, and the postal service will apply a price reduction of 10% for postal insurance when mailing an item. As changes in the mailing and shipping marketplace continue, these price adjustments are being invoked to achieve the financial stability sought by the organization’s Delivering for America 10-year plan.