In less than two weeks, Postage rates will increase. Here is the latest news released about that changes
On July 10th, postage rates will increase. The last postage rate increase was August 2021. This was expected as part of the Delivery for America plan. As the postmaster General stated, increased rates are needed to ensure the USPS reaches its goals. For the public, the impact will be an increase in the forever stamp.
For mailers, the increase proposed averages are 6.5% for First-Class and Marketing Mail letters and 8.5% for Marketing Mail flats. While similar to the price increase from August, this increase has a different primary driver. In 2021, the increase was driven by the COVID decline in mail density (fewer mail pieces per delivery), while the logic behind this year’s increase is due to the current rise in inflation.
Many mailers will be looking to offset these costs. Even with the understanding that this would occur, such options as special USPS promotions, expanded address hygiene methods, and enhanced segmentation. Here is an excellent article from PI world with a deeper dive into ways mailers can alleviate this issue.
As the postal industry and the companies that work with mail try to adapt to these increases, the NPPC announced that their petition to the Supreme Court to review the PRC’s ten-year review decision was denied. No comment was provided. You can expect industry leaders to continue looking at options, including legislative, to manage these USPS changes.