For the third year in a row, the United States Postal Service is raising the prices throughout the holidays.
They requested a temporary price increase on mail services used during the peak holiday season. In a statement, the USPS said the temporary rate adjustments are similar to ones in past years aimed at helping them cover extra handling costs and to ensure a successful peak season.
Price increases range from 25 cents to upwards of $6 per package, are planned to go into effect on October 2, 2022 and last through January 22, 2023 for mailings that include Priority Mail, Priority Mail Express and First-Class Package Service.
The Postal Regulatory Commission still has to approve the higher rates.
Last month, the cost of a US postage stamp increased by 2 cents, raising the cost of mailing a first-class letter by 3.4%, to 60 cents. Parcels and packages are where the Postal Service is really making its money today. The USPS handles final delivery of many packages shipped by online retailers such as Amazon, with items delivered in bulk to the post office nearest to the buyer’s home.