What You Need to Know About the January 21, 2024 USPS Postage Increase

Well, it seems to be that time of year again. The time when the United States Postal Service (USPS) has a postage rate increase. If you’re feeling like this is happening a lot, well, you’re not wrong. The Postal Service raised their prices twice in 2021, 2022 and 2023 and now we’re starting off 2024 with another USPS postage increase.

2024 USPS Postage Price Increase

Effective January 21, 2024, the cost of mailing letters, packages, and other USPS services will climb slightly across the board. While the average increase sits at a modest 4.3%, it’s still cause for pause, especially for businesses and high-volume senders.

Here’s a Breakdown of the Key Changes for the Postage Rate Increase in 2024:

First-Class postage increase for letters (1 oz.) is going up from $0.66 up to $0.68 cents
Certified Mail Postage is going from $4.35 up to $4.40
Certified Mail | Add-On Electronic Return Receipt price is going from $2.20 up to $2.32
Certified Mail | Add-On Green Card price is going from $3.55 up to $3.65
International Letters (1 oz.) are going from $1.50 up to $1.55
Domestic Postcards are going from $0.51 up, to $0.53
International Postcards are going from $1.50 up to $1.55
Registered Mail is going from $20.25 up to $20.75
Registered Mail | Add-On Electronic Return Receipt price is going from $5.65 up to $5.80
Extra Ounces (Letters) staying at $0.24
Extra Ounces (Flats) staying at $0.24
First-Class Mail Forever Stamp is $0.68

How to Handle the USPS Postage Increase?

These adjustments, while seemingly small, can accumulate over time, impacting both individuals and businesses. So, what can you do to navigate the new United States Postal Service postage increase?

Shop around: Not everything has to be sent via USPS. You may want to look at other options, such as FedEx 2Day to send a letter. You might be surprised at the fact that there’s another service with a faster delivery option.

Embrace technology: Leverage online shipping tools and platforms to compare rates, Make your life easier and more convenient and track your letters efficiently. Remember, time is money and removing the hassle of making trips to the Post Office to send your letter or to buy stamps is something to embrace on its own! Hi! LetterStream here. This is exactly what we do!

The 2024 USPS postage increase is a reality, but it doesn’t have to derail your mailing habits. By being informed and adaptable, you can adjust your strategies, find smarter solutions, and keep your letters moving without breaking the bank. Remember, a little planning and resourcefulness can go a long way in the ever-evolving world of postage.

LetterStream Is on Your Side!

For customers familiar with our process, you know we do raise our prices each time the USPS raises their rates. But our increase is only the amount needed to cover the added postage costs. So, while your bill might look a little higher, the extra money is only going to the United States Postal Service. LetterStream seldom raises our prices and works hard to keep your prices locked in for the long haul so that your mailing budget is consistent and predictable. If you want to send First-Class Mail, Certified Mail, postcards, or FedEx envelopes for any of your secure and important documents just remember that we’re on your side!

Keep in mind, if you’re looking for an electronic way to send your statements, we provide an email delivery service (eDoc Delivery), which allows you to send your documents via email directly through your LetterStream account. This can be done in place of real mail or in addition to your snail mail. If you’d like more information or if you’d like to add this product to your account, please feel free to send us an email at support@letterstream.com.

Now it’s your turn: How will these changes affect your mailing habits? Are you already preparing for the next postage increase? Share your thoughts and cost-saving tips in the comments below! Let’s help each other navigate the new postage landscape together.

Click here to review the USPS 2024 postage rate press release and click here to download the complete list of 2024 USPS postage rate changes.

Just a friendly reminder about a little pro tip we have: if you would like to get the old pricing but don’t want to send your mailing out before the effective Jan 21, 2024 date, you can always use our schedule job option to schedule your job to be mailed on a future date! That way you’ll still get the current (old pricing) but it won’t go out until the date you choose.

USPS Proposed Postage Increase for July, 2023

proposed_usps_postage_rate_increase_july_2023 3

On April 10th the United States Postal Service (USPS) filed their proposed mid-year price changes with the Postal Regulatory Commission (PRC). These proposed rates will be the second increase of the year and are set to take place at midnight on July 9, 2023.

Most notably, the price of a first-class stamp will raise by 3 cents, but there don’t appear to be as many changes as there have been in past price increases.

Here is a quick look at some of the prices that will be changing which will have an impact on LetterStream customers:

First Class Mail going up from $0.63 to $0.66
International Rates going up from $1.45 to $1.50
First-class postcards going up from $0.63 to $0.66

Sorry, this year we didn’t find any fees that went down for the products that we offer.

Click here to review the USPS 2023 postage rate press release.

Click here to download the complete list of 2023 USPS postage rate changes. Keep in mind, the Notice 123 for 2023 is still in review by the RPC and subject to change, but the USPS generally gets the rates they ask for.

LetterStream will be implementing these changes on the weekend of July 9th, so be sure to plan ahead and get your jobs paid for in our system before then to lock in the lower prices!

2017 USPS Price Changes

At the start of each new year the USPS typically announces new pricing, and this year is no exception. Effective January 22nd, new USPS prices will take effect.

You might recall our post from last year regarding the 2016 USPS price changes. We talked a lot about the price of a First-Class stamp being decreased by $.02 (from $.49 to $.47). This year it’s going back up two pennies. Initially, this seems like a bit of a bummer. But look at the bright side. The decrease that happened last year was the first time the cost of postage went down since 1919. So hypothetically, had it gone up a couple cents last year and this year again, we would be closer to $.53. Let’s choose to be optimistic and still consider ourselves winners with the 4 cent swing.

You could also try and stave off the postal increase a little longer by purchasing a few extra forever stamps at your local post office before the new rates go into effect.

Below are some of this year’s notable changes (keep in mind, we are quoting the new USPS postage costs, not LetterStream prices. LetterStream typically increases prices only to the extent that the USPS fees increase, but for exact pricing review your LetterStream job invoice when creating mailings on our website):

2017 Postage Rates

– First Class Stamps up from $.47 to $.49
– First Class Postcard Rate staying at $.34
– Extra Ounces staying at $.21
– International Rates staying at $1.15
– Certified Mail up from $3.30 to $3.35
– Return Receipt up from $2.70 to $2.75
– Electronic Return Receipt up from $1.35 to $1.45
– Registered Mail staying at $11.70
– Flats (.0001 – .999 oz) postage up from $.95 to $.98
– Flats extra ounces up from $.20 to $.21

Standard Mail Now Marketing Mail

Another notable change moving forward is that Standard Mail will now be known as Marketing Mail. Not to add to the confusion, but Standard Mail is/was the name of what many of us know as Bulk Mail. Standard Mail should not be confused with First-Class Mail which is what most of our customers send regularly.

USPS Stamp Prices Going Down in 2016!

USPS Postage Rates 2016

The biggest news in the mailing business, in maybe forever, or since the forever stamp. The United States Postal Service (USPS) is LOWERING the price of a first-class stamp. The price DECREASE goes into effect on April 10, 2016, when your cost for a first class stamp will be reduced to 47 cents each.

The last time the USPS decreased the price of a first-class stamp was in 1919, when the price dropped a single cent from 3 cents each to 2 cents each. Now, the greatest price decrease in the price of a first class mail stamp since 1885; the USPS is cutting the price of a first-class stamp by a whopping 2 cents! For more information check out the wikipedia page on the History of United States postage rates.

Why are Stamp Prices Going to 47 Cents?

The federal regulatory body that governs USPS pricing is the Postal Regulatory Commission (PRC)(https://www.prc.gov). This organization decides whether the Postal Service can raise prices and by how much. A year ago the USPS was given a special waiver by the PRC to increase prices by more than the maximum amount allowed (according to their rules), so now the PRC is making the USPS roll prices back.

It really makes no sense though, as the post office is still operating at a loss. Follow this link to read the USPS press release on the topic of lowing prices (https://about.usps.com/news/national-releases/2016/pr16_009.htm).

What Other Postage Prices are Changing in April?

In addition to the decreasing price of a first-class stamp, other stamp prices are going down as well. In fact, nearly every increase that took effect in 2015 is being reversed. Seems a bit odd that the Postal Regulatory Commission and the USPS couldn’t work out a meet-in-the-middle solution, but their loss turns out to be mailers’ gain. Here’s a sampling of new postage rates:

First-Class Postcards will decrease from $.35 to $.34 each (reversing last year’s increase)
Additional ounces for First-Class mail will decrease from $.22 to $.21 (reversing last year’s increase)
Certified Mail base fees will decrease from $3.45 to $3.30 (reversing last year’s increase)
Certified Mail Return Receipt Green Card fees will decrease from $2.80 to $2.70 (reversing last year’s increase)
Certified Mail Electronic Return Receipts will decrease from $1.40 to $1.35 (reversing last year’s increase)
International First-Class Letters will go down from $1.20 to $1.15 (reversing last year’s increase)
One ounce First-Class flats will decrease from $.98 to $.95, and 2 ounce pieces will fall from $1.20 to $1.15 (reversing last year’s increase)
Registered Mail letters will decrease from $12.20 to $11.70 (falling more than last year’s increase by another 25 cents)
The price of a First-Class Stamp will fall from $.49 to $.47 (there was no increase in the price of a first-class stamp last year)

We encourage everyone to take advantage of the cheaper postage prices in 2016 and send more mail. If you need some help with that, give us a call, we are what you call experts.