![]() When you outsource your letters, statements, and documents, you’ll benefit from the exceptional rates we enjoy due to our volume and processes. However, transactional print and mail specialists like PCI Group do. Most companies that manage print and mail in-house don’t have the level of sophistication to take advantage of these. There are many options to reduce postage costs that are considered best practices - address hygiene, usage of Intelligent Mail® barcode (IMb), and presorting discounts. The added costs to your postage budget depend on the volume of your mailings and the category to which they belong. How Will USPS Postage Rate Hikes Impact Your Business? It allows the USPS to set market-dominant mail prices above the rate of inflation but still have a price cap based on mail density and the agency’s contributions to employee retirement funds. The rate adjustments are also connected to the new rate-setting system implemented in December 2020. According to the agency, USPS remains one the most affordable in the world. The USPS postage adjustments are increasing to provide revenue to achieve financial stability, as outlined in the Delivering for America 10-year plan. Parcel Select Lightweight (DSCF and DNDC) Parcel Select Destination Delivery Unit (DDU) Priority Mail and Priority Mail Expressįirst Class Package Services, Parcel Select Ground, and USPS Retail Ground The USPS issued temporary price changes for Priority Mail, packages, and other products and services in response to the high volume of mail during the last quarter of the year. Temporary Rate Adjustments (Octo– January 22, 2023) There are also temporary price increases that coincide with peak holiday season. In addition to the rate changes noted above, the USPS is also seeking price adjustments for special services, including certified mail, cost to purchase insurance with mail, money order fees, and post office box rentals. Special Services Price Adjustments Proposed International letter (1 oz.) will be $1.45, up from $1.40.International postcards will be $1.45, up from $1.40.Domestic postcards will be 48 cents the current rate is 44 cents.Letters (metered 1 oz.) will be 60 cents the current price is 57 cents.The USPS announcement also involves Mailing Services rate changes: New changes are now in line with the USPS’s announcement that they would increase First Class Mail prices twice yearly, in January and July. ![]() In the 2022 rate update, the USPS did not increase First Class Mail letters. First Class Mail prices will go up by 4.2% to offset inflation.First Class Mail Forever stamps increase from 60 cents to 63 cents.New rates for first class mail include the following: Let’s break down all the new rates and their impact on your print and mail operations. Some of the highlights include raising First Class Mail prices. The USPS Board of Governors has approved the changes. These USPS postage updates will be effective on January 23, 2023. ![]() The United States Postal Service recently announced new prices for 2023 for market-dominant mail products. ![]()
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