On April 9, 2024, the United States Postal Service (USPS) filed notice with the Postal Regulatory Commission (PRC) of a recommended rate change, set to take effect Sunday, July 14, 2024, at 12:01 AM. If the commission approves, USPS will implement a 7.8 percent rate change affecting various mailing services and postage rates.

Mailing Services Prices

Product Current Rate Proposed Rate
1 oz. Letters $0.68 $0.73
Metered 1 oz. Letters $0.64 $0.69
Domestic Postcards $0.53 $0.56
International Postcards $1.55 $1.65
International 1 oz. Letter $1.55 $1.65

The service price for single-piece letters will increase from $0.24 to $0.28. USPS is suggesting rate adjustments for Special Service products, such as Certified Mail and money orders. There will be no rate adjustments for Post Office Box rentals. A 10 percent rate reduction will be issued for postal insurance.

This adjustment reflects the evolving landscape of postal operations, including factors such as inflation, rising operating expenses, and the need to maintain high-quality service standards as outlined in the Delivering for America 10-year plan.

Critical factors, such as inflationary pressures, including rising fuel and transportation costs, have contributed to the need for adjustments in postage rates. Additionally, ongoing investments in infrastructure, technology, and workforce development necessitate financial sustainability to support USPS's mission of delivering mail and packages to every address in the nation.

Frequently Asked Questions About the USPS Rate Increase

Q: Is USPS raising rates in 2024?

A: Yes, if approved by the Postal Regulatory Commission, USPS is scheduled to implement a rate change in July 2024, affecting various mailing services and postage rates.

Q: Why did USPS increase rates?

A: Inflation, rising operational costs, and the need to maintain quality service standards drive the rate increase. The increase is included in the 10-year Delivering for America plan.

Q: What is the USPS 2024 mandate?

A: The USPS 2024 mandate encompasses regulatory requirements and directives that influence postal operations and financial planning. Compliance with these mandates is essential for USPS to fulfill its statutory obligations while adapting to changing market dynamics and customer needs. The upcoming rate change aligns with USPS's commitment to meeting these mandates while ensuring the continued provision of essential postal services to communities nationwide.

Q: What are the current USPS rates?

A: You can find a detailed list of the current USPS rates here. The current rates went into effect Sunday, Jan. 21, 2024.

Q: What stamps will be released in 2024?

A: USPS typically releases a variety of stamps each year, including commemorative, special edition, and themed stamps. These stamps provide an opportunity to enhance the mailing experience.

Saving with Certified Mail Labels

As USPS prepares for the anticipated price adjustment scheduled for July 2024, businesses should stay informed and prepared for any adjustments to their mailing strategies.

Individuals and businesses utilizing Certified Mail Labels can save on postage for each Certified Mail green card receipt, compared to traditional postage methods. This significant savings opportunity underscores the value of leveraging Certified Mail Labels for businesses seeking cost-effective and efficient mailing solutions. With Certified Mail Labels, businesses can streamline their mailing processes while maximizing savings on essential postal services.

Certified Mail Labels is the industry leader of online postage solutions, offering a convenient and cost-effective alternative to traditional postal services. With Certified Mail Labels, users can easily prepare and print postage labels, track mail deliveries in real-time, and access secure record-keeping features.

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Our user-friendly platform is designed to streamline the mailing process, saving businesses time, money, and resources. For more information about Certified Mail Labels and how we can help optimize your mailing operations, click here or contact our Customer Support Team at 880-406-1792.