The Postal Service has some of the lowest letter mail postage rates in the industrialized world and also continues to offer a great value in shipping. The Postal Service governors evaluate shipping rates and fees and adjust them when needed as part of Postal Service’s 10-year Delivering For America plan which is designed to reverse a projected $160 billion in operating losses over the next 10 years. Although Mailing Services price increases are based on the consumer price index, Shipping Services prices are primarily adjusted according to market conditions. Shipping Services price adjustments vary by product. The PRC will review the prices before they are scheduled to take effect. Overall, Priority Mail service prices would increase approximately 5.5 percent, Priority Mail Express service prices would increase by 6.6 percent, and First-Class Package Service prices would increase by 7.8 percent.
In addition, some Priority Mail flat-rate retail product prices will be reduced compared with the temporary rate adjustment currently in place, and Priority Mail commercial rates will increase by only 3.6 percent, well below the rate of inflation. This service provides businesses with an affordable same-day and next-day delivery for their local customers. The pricing for USPS Connect Local will remain unchanged. Notably, there is no price increase for Parcel Select Ground, which continues to be a reliable and economical shipping option. These proposed prices were approved by the Postal Service governors. Postal Service filed notice with the Postal Regulatory Commission (PRC) today of price changes for Shipping Services to take effect Jan. Priority Mail Commercial rate to increase by 3.6 percent, well below the rate of inflation.Reduced pricing for some Retail Priority Mail Flat-Rate products below the temporary price currently in place.No price increase for USPS Connect Local, which gives businesses of all sizes the ability to reach local customers at affordable rates.No price increase for Parcel Select Ground which, coupled with our recently improved service standard to 2-5 days from 2-8 days, offers a reliable and economical option for shippers.USPS offers some of the lowest shipping rates in the mailing industry and is a great value to reach the more than 163 million delivery points we service across America Postal Service Announces New Competitive Prices for 2023 Security controls for commercial mailers.
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