Tradelines News

Get the latest news and updates on cross-border customs and international trade.

USPS Wins Approval for Largest-Ever Price Increase for Stamps

(Government Executive)

The U.S. Postal Service’s regulator on Tuesday approved the largest-ever price increase for the cost of a stamp, cementing a 10 percent spike to bring the price tag for sending a letter to 55 cents.

The Postal Regulatory Commission approved the jump after determining the Postal Service’s proposal complied with requirements, such as ensuring any price surge is not more than inflation. Prices will increase across the agency’s offerings by an average of 2.5 percent, the inflationary cap.

Individual offerings, such as the stamp for regular, first-class mail, will outpace that rate. Packages sent as Priority Mail will see costs rise by 5.9 percent, while Priority Mail Express will have 3.9 percent higher rates. The new prices will go into effect Jan. 27. Click here to read more.

Related: Postal Service’s Red Ink for 12th Year as Letter Mail Drops (Associated Press)