US Postal Service Plans to Hike Prices to Offset Inflation

[Epoch-Times-Bot]

US Postal Service Plans to Hike Prices to Offset Inflation

The cost-of-living crunch that’s frustrating American households is also putting the squeeze on the U.S. Postal Service (USPS), which on Friday announced plans to raise prices to “offset the rise in inflation.”
The agency said in an Oct. 7 statement that it has proposed a range of price hikes, including for stamps and raising fees on mail insurance, money orders, and P.O. box rentals.
The new rates, which have been approved by USPS Governors but still need to be reviewed by the Postal Regulatory Commission, include a 4.2 percent price increase for first-class mail.
The cost of mailing a 1-ounce letter will go up from 60 cents to 63 cents, while domestic postcards will go up from 44 cents to 48 cents....

Source: US Postal Service Plans to Hike Prices to Offset Inflation

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