Time for Yet Another USPS Rate Hike

Matt Gush / shutterstock.com
Matt Gush / shutterstock.com

It seems like the United States Post Office (USPS) suddenly needs to raise its rates every six months or so. Well, that’s not just your imagination. With the news that they are raising rates by 7.8% in July, it now marks the sixth raise they’ve instituted since 2020. Announced in a press release, the USPS proved that they cannot read the room when it comes to saving money.

“Today, the U. S. Postal Service filed notice with the Postal Regulatory Commission of mailing services price changes to take effect July 14, 2024. The new rates include a 5-cent increase in the price of a First-Class Mail Forever stamp from 68 cents to 73 cents…The additional-ounce price for single-piece letters increases from 24 cents to 28 cents. The Postal Service is also seeking price adjustments for Special Services products, including Certified Mail and money order fees.”

Surprisingly, they will not be jacking up the Post Office Box fees and will be lowering the cost of postal insurance by 10%. Oddly enough, though, these services aren’t all flat-priced, with each post office charging its own rates. In larger cities, these boxes can go for a premium, and in many rural areas, they are a necessity as route delivery can be less than dependable.

As these rates continue to increase, many are wondering when an alternative service could become a possibility. The USPS has proven to be one of the worst ideas going right now, and the Federal government is doing everything it can to run it into the ground. It would be sad if it weren’t so pathetic.