The USPS filed for a price increase that would go into effect on January 26, 2020 if approved. There's no change in price of a Forever stamp (it will remain at 55 cents), and Mailing Services would go up an average of 1.9%.
Shipping Services price increases vary by product. For example, Priority Mail Express would increase 3.5 percent and Priority Mail would increase 4.1 percent, on average.
The Postal Service wrote in its press release, "Although Mailing Services price increases are based on the Consumer Price Index, Shipping Services prices are primarily adjusted according to market conditions. The Governors believe these new rates will keep the Postal Service competitive while providing the agency with needed revenue."
We've gone through the notice and pulled out some quick and dirty points of interest to online sellers.
Priority Mail prices will increase an average of 4.1 percent.
Retail prices will increase an average of 4.9 percent.
Priority Mail Retail Flat Rate Box prices will be as follows:
- Small, $8.30;
- Medium, $15.05;
- Large, $21.10 and
- Large APO/FPO/DPO, $19.60.
The regular Flat Rate Envelope will be priced at $7.75, with the Legal Size and Padded Flat Rate Envelopes priced at $8.05 and $8.40, respectively.
Commercial Base and Commercial Plus Pricing (purchased online)
The Commercial Base prices will increase 2.8% on average. Commercial Base prices will, on average, reflect a 15.3 percent discount off of Retail prices.
Commercial Plus prices will increase 3.0% on average. Commercial Plus prices will, on average, reflect a 15.2 percent off of Retail prices.
First-Class Package Service (FCPS)
Overall, FCPS prices will increase 2.6 percent, with a 3.9 percent increase for FCPS-Retail and a 2.2 percent increase for FCPS-Commercial.
The USPS made a point of noting that, unlike some other shippers, the Postal Service does not add surcharges for fuel, residential delivery, or regular Saturday or holiday season delivery.
The PRC will review the prices before they are scheduled to take effect Jan. 26, 2020. The complete Postal Service price filings with prices for all products can be found on the PRC site under the Daily Listings section at prc.gov/dockets/daily.
For the Mailing Services filing see Docket No. R2020-1. For the Shipping Services filing see Docket No. CP2020-5.
The price change tables are also available on the Postal Service’s Postal Explorer website at pe.usps.com/PriceChange/Index.
We'll check in with the experts to take a closer look, but in the meantime, let us know how at first glance the rates will impact you.