The U.S. Postal Service is raising rates on first-class stamps, citing inflation and increases in operating expenses. The price hike comes less than a year after the agency rose prices for first-class mail from 55 cents to 58 cents. First-class mail Forever stamp will rise by two more cents to 60 cents. The change will take effect on July 10. The agency argues that the newly proposed price, which amounts to a 6.5% increase, is lower than the annual inflation rate of 7.9%. The agency is also looking to raise prices for some of its special services products, including certified mail, Post Office box rental fees, money order fees and the cost to purchase insurance. “With the new prices, the Postal Service will continue to provide the lowest letter-mail postage rates in the industrialized world and offer a great value in shipping,” the agency wrote in a news release. The Postal Regulatory Commission will review the new rates before they take effect this summer. Below are the the new proposed prices for each item:
President Trump has slammed the U.S. Postal Service for losing money. But as NBCLX's Chase Cain explains, the USPS is designed to be a service, not a for-profit business. In this episode of our series "The Myth," we're debunking the fiction of a profitable post office.
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The Royal Mail websites use cookies. By continuing to browse the site you are agreeing to our use of cookies. For more details about cookies and how to manage them, see our cookie policy. Unite says Royal Mail behaving like ‘greedy speculator’ but firm says falling letter volumes and rising costs to blame PA Media The price of a first-class stamp increased by 10p to 95p from Monday. Second-class stamps have increased by 2p to 68p. The Royal Mail said there had been a long-term decline in letter usage, coupled with rising inflation. Letter volumes have fallen by more than 60% since their peak in 2004-2005 and by about 20% since the start of the pandemic. Nick Landon, the chief commercial officer at Royal Mail, said: “We understand that many companies and households are finding it hard in the current economic environment, and we will always keep our prices as affordable as possible. “We need to carefully balance our pricing against declining letter volumes and increasing costs of delivering to a growing number of addresses six days a week. “As customer needs change and we see a greater shift from letters to parcels, it is vital that the universal service adapts to stay relevant and sustainable. “These price changes are necessary to ensure we can continue to maintain and invest in the one-price-goes-anywhere universal service for future generations.” The Unite general secretary, Sharon Graham, said: “The Royal Mail boardroom is again raising prices while helping itself to massive profits. It is behaving like a short-term greedy speculator rather than the responsible owner of a key UK public service. “With plans to slash 900 postal manager jobs and threats issued to Unite that collective bargaining agreements for our members will be ignored, Royal Mail’s owners are ruining this essential service. Ofgem has to get a grip because the universal service obligation is at serious risk.” {{#ticker}} {{topLeft}} {{bottomLeft}} {{topRight}} {{bottomRight}} {{#goalExceededMarkerPercentage}}{{/goalExceededMarkerPercentage}} {{/ticker}}{{#paragraphs}}{{.}} {{/paragraphs}}{{highlightedText}}{{#choiceCards}}{{/choiceCards}} We will be in touch to remind you to contribute. Look out for a message in your inbox in . If you have any questions about contributing, please contact us. Topics {{#showContent}} {{#description}}{{/description}}{{#content}}{{#headline}} {{#isComment}}{{/isComment}} {{#description}}{{/description}}{{#content}}{{#headline}} {{#isComment}}{{/isComment}} {{#showWebPublicationDate}} {{webPublicationDate}}{{/showWebPublicationDate}}{{headline}}{{/headline}}{{/content}}{{/showContent}}{{#showContent}}{{#description}}{{/description}}{{#content}}{{#headline}} {{#isComment}}{{/isComment}} {{#showWebPublicationDate}} {{webPublicationDate}}{{/showWebPublicationDate}}{{headline}}{{/headline}}{{/content}}{{/showContent}}{{#showContent}}{{#description}}{{/description}}{{#content}}{{#headline}} {{#isComment}}{{/isComment}} {{#showWebPublicationDate}} {{webPublicationDate}}{{/showWebPublicationDate}}{{headline}}{{/headline}}{{/content}}{{/showContent}} |
What is the price for a first class stamp
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