April 13, 2023

Postage rates going up again

 Axios -  The price of postage stamps is poised to increase in July for the second time this year — the 17th rate change since 2000 — under a new proposal by the Postal Service. If the 3-cent increase is approved by the Postal Regulatory Commission, it would be the shortest time between increases in the Postal Service's history. . . .The number of pieces of mail handled by the post office has been on the decline in recent years as more people pay bills online and fewer send physical thank you cards. In 2022, USPS handled 127.3 billion pieces of mail compared to the high of 213.1 billion in 2006, data shows. With the proposed rates, postage for a 1-ounce letter is 66 cents, up from 63 cents. A first-class stamp would be double the 1999 rate of 33 cents.

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