![]() ![]() But we don’t want them raised so far that they’re hurting customers,” Dimondstein told Federal News Network. They are going to have to raise some rates, in order to be able to carry out its mission. If your item doesnt fit this criteria, wed classify it as a parcel. is no bigger than a B4 envelope (260mm x 360mm x 20mm). contains flexible items - nothing rigid or inflexible. We’re not economists, we understand inflation’s far too high for working people, but it also affects the Post Office. We classify a letter as an item that: weighs less than 500g. ![]() Postal Service remain among the most affordable in the world.”Īmerican Postal Workers Union President Mark Dimondstein expressed concern and stressed how the agency needed to strike a balance. “As operating expenses fueled by inflation continue to rise and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much-needed revenue to achieve financial stability,” the agency wrote in a news release. The price jumps are part of Postmaster General Louis DeJoy’s plan to make up a projected $160 billion budget shortfall. However, the agency has seen a decline in mail and package volume so far in 2023. From Monday 3 April, the cost of stamps will rise as follows: Standard letters (max 100g, 24cm x 16.5cm x 5mm) First class: £1.10 (up from 95p) Second class: 75p (up from 68p) Large letters (max 100g, 35.3cm x 25cm x 2.5cm) First class: £1.60 (up from £1.45) Second class: £1.15 (up from £1. The new rates from the USPS board of governors raise overall first-class mail prices by 5.4%.įirst-class mail accounted for about 31% of total USPS revenue of $78.8 billion in 2022.
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