New rates effective July 14, 2024

usps-rate-increaseIt’s been 6 months since the USPS raised postage rates on January 21, 2024, and they are back with another postage increase. Last year, postage rates were increased twice by the USPS, and we’re on track to experience another round of double increases this year.

Why is the USPS now allowed to raise rates twice per year?

In 2020 the Postal Regulatory Commission, in charge of reviewing pricing and service, approved a change in just how much the USPS could increase rates. No longer limited to the annual January hikes we’re used to, solely based on the rate of inflation, the organization can now bump prices to begin paying down debts and cover costs. Additionally, as of July 2022, the USPS is permitted to increase First Class Mail letter prices twice a year.

Here are how the postage increases will impact you:

First-class postage

  • Letter-sized First-Class Single Piece letters weighing 1 ounce or less are increasing from 68¢ to 73¢
  • Postcards will increase from 53¢ to 56¢ apiece
  • Flat-sized First-Class postage will increase from $1.39 to $1.50 apiece

Foreign postage

  • International First-Class postage will increase from $1.55 to $1.65 apiece for letter-sized mail that’s 1 ounce or less.

EDDM postage

  • Every Door Direct Mail Retail postage will increase from 20.3¢ to 22.3¢

For addressed, letter-sized, bulk mail (aka marketing mail) postage rate are scheduled to increase 7.8% which is a substantial increase. Actual bulk mail postage rates are impacted by the distribution of the addresses on your mailing list. A list with all local addresses will require lower postage than a list with addresses broadly distributed across the US.

In our experience, for letter-sized, first-class presort mail, you can anticipate a postage rate of approximately 55¢ apiece. For letter-sized, presort standard/marketing mail, you can anticipate postage will hover around 37¢ apiece. For approved nonprofit letter-sized mail, you can anticipate postage of about 18¢ apiece.

Like what you’re reading? Have you signed up for our enews yet or are you following our blog’s rss feed?

Pin It on Pinterest

Share This