Three cent increase to account for inflation.
The U.S. Postal Service (USPS) recently filed a notice that proposed raising the price of first-class Forever mail stamps from 60 to 63 cents per piece, an increase of 4.3%. They also proposed raising international letter prices from $1.40 to $1.45, and have submitted their request for the price changes to the Postal Regulatory Commission. The USPS intends to officially implement the price change on January 22, 2023.
U.S. Postmaster General Louis DeJoy made this decision in light of rising inflation, saying that if prices remain unchanged, the USPS could exceed its 2022 budget by over $1 billion. Postmaster DeJoy stated in July that he has to use pricing and that mailers “got a deal for the last 10 years and we’re charging them.” There will be no changes in pricing for any other mailing fee.
As the Lord Leads, Pray with Us…
- For Postmaster DeJoy as he tries to balance the post office budget.
- For wisdom for the postmaster and other USPS officials as they implement changes to bring costs and revenue in line.
Sources: Reuters, Government Executive
