The Postal Regulatory Commission approved USPS postage rate changes for next year which are set to take effect on January 27, 2019. A first class Forever stamp will rise from 50 cents to 55 cents, and you can review EcommerceBytes Online Seller’s Guide to USPS 2019 Shipping Rates for a look at rate changes for common competitive services such as First Class Package Service and Priority Mail.
An excerpt of today’s PRC press release follows:
Today the Postal Regulatory Commission issued Orders 4875 and 4876 approving the Postal Service’s planned rate adjustments for both Market Dominant products and Competitive products respectively.
Rate increases for Market Dominant products must meet certain statutory and regulatory requirements, the most prominent of which is that such increases be no greater than the rate of inflation, as determined by the Consumer Price Index for All Urban Consumers.
Conversely, the Postal Accountability and Enhancement Act requires, among other things, that rates for Competitive products must produce sufficient revenues to ensure they are not subsidized by Market Dominant products.
The Commission found that the rates for both classes of mail meet all statutory requirements and may take effect, January 27, 2019, as planned.
The Commission also found that the planned classification changes, with the revisions set forth in Orders 4875 and 4876, are consistent with applicable law.
The Commission’s complete analyses of the Postal Service’s Market Dominant and Competitive rate adjustments for calendar year 2019 are located at www.prc.gov in Docket Nos. R2019-1 and CP2019-3, respectively.
See the full press release with tables on the PRC.gov website:
SOURCE: PRC Press Release