The USPS filed a notice of price change with the Postal Regulatory Commission (PRC) on April 6 that will increase the price of First-Class Mail stamps to 60 cents, up 2 cents from the current 58 cents, the increase would raise First-Class Mail prices approximately 6.5%. The change will be effective July 10, along with a series of other increases.
The USPS said price increases for mailing services are generally based on the Consumer Price Index to help the Postal Service remain competitive in the market. With inflation and increased operating costs, these price adjustments will contribute to a 10-year plan that includes a $40 billion investment in core Postal Service infrastructure over the next decade.
It's worth noting that while First-class Mail prices have increased, USPS still offers some of the lowest shipping rates in the world.
And ShipSaving still offers USPS shipping discounts of up to 89% off below retail prices. In addition, you can access all USPS shipping service prices and get money back through ShipSaving.
For e-commerce sellers, the most significant impact of the current policy is the increase in shipping prices leading to higher costs.
Managing shipping costs is critical for e-commerce merchants already facing slim margins and fierce competition. Therefore, shippers need to put some effort into researching the lowest cost USPS mailing service options, whether it's Flat Rate and Regional Rate, same-day or next-day delivery, or whether shipping insurance is required.
You can use ShipSaving's free shipping calculator to compare shipping rates for all USPS shipping services, fill in your zip code, dimension and weight, and get the best shipping quote with one click!
Register an account now and see the USPS discounts for yourself. Plus, there’s a USPS rebate program to get cash back while you ship.