USPS Postage Rate Increase
The United States Postal Service (USPS) announced a rate change for several mailing services effective January 22, 2023. The changes, which were approved by the Postal Regulatory Commission, include increases for first-class stamps, postcards, and other mailing services.
One of the most notable changes is the increase in the price of first-class stamps, which will rise from $0.58 to $0.63. .
The USPS cites the ongoing financial challenges it faces as the reason for these rate changes. The organization has been struggling financially for years and has been seeking ways to increase revenue and reduce costs. These rate changes are one way that the USPS is attempting to address its financial issues.
The rate changes are fairly complex and some rates are decreasing. The rates will depend on the class of mail, density of the mailing list, and location where the mail is delivered to the USPS. Contact us to learn more about these changes. Action Mail can provide better estimates on postage rates for your specific mailing but to get exact rates the mailing list will need to be processed.