US Postal Service proposes July rate hike: How much it could cost you
President Trump speaks on USPS, DOGE, & more
President Donald Trump answered questions from reporters in the Oval Office after the swearing in ceremony for Howard Lutnick as his secretary of commerce. Trump was asked about a range of topics from the United States Postal Service (USPS), the Department of Government Efficiency (DOGE), tariffs, the Russia-Ukraine war, and more.
WASHINGTON - The U.S. Postal Service has requested a rate hike that could take effect as early as July.
Dig deeper:
The USPS filed a notice with the Postal Regulatory Commission (PRC) to raise prices starting July 13, which would raise mailing services product prices by approximately 7.4 %.
The new rate hake would include a 5-cent increase in the price of a First-Class Mail Forever stamp from 73 cents to 78 cents.
Other price changes would include:
- Letters (1 ounce): 78 cents
- Letters (metered 1 ounce): 74 cents
- Domestic postcards: 62 cents
- International postcards: $1.70
- International letter (1 ounce): $1.70
Also, the additional-ounce price for single-piece letters will increase from 28 cents to 29 cents. The USPS also wants to apply a price reduction of 12 percent for postal insurance when mailing an item.
Postage stamps are seen on pieces of mail inside the United States Postal Service (USPS). Photographer: Luke Sharrett/Bloomberg via Getty Images
What they're saying:
"As changes in the mailing and shipping marketplace continue, these price adjustments are needed to achieve the financial stability sought by the organization’s Delivering for America 10-year plan," the USPS said in an online statement. "USPS prices remain among the most affordable in the world."
What's next:
The PRC will review the changes before the price hikes take effect.
The Source: The information in this story comes from an online statement by the U.S. Postal Service. This story was reported from Los Angeles.