What will postage increase be in 2017

A Forever Stamp is a one-ounce first class postage stamp, and it automatically adjusts in value to whatever the current rate of a one-ounce stamp. Forever Stamps solve that problem. Well, the only stamp that exists is a forever stamp today. But there is no need for these. So yes, buying early savings you money. Another factor in all of this is a little-known tidbit of information in relation to USPS stamp rate increases: previously, the USPS has been limited to not increasing stamp prices more than the rate of inflation using the government-published rate and had to get special permission for any rate increase that was higher than the inflation.

While the primary context of his tweet was in relation to package delivery for Amazon. All of that means it would be good to rush out and stockpile Forever Stamps, right?

Forever Stamps, an investment that is practically guaranteed to increase in line with inflation, and likely at a higher rate than inflation! First, while future increases might be more significant, this particular increase is a modest increase. There will be plenty of heads-up about future increases that might be more significant increases.

The planned temporary price adjustments are in response to increased expenses and heightened demand for online shopping package volume due to the coronavirus pandemic and expected holiday ecommerce. As a result of these changing market conditions, the Postal Service is planning a time-limited price increase on all commercial domestic competitive package volume from Oct. Retail prices and international products will be unaffected. The planned price increase would go into effect at AM Central on Oct.

This time-limited adjustment will increase prices for our commercial customers in line with competitive practices without impacting customers at the retail level. Until we see the actual mail pricing proposal and the mail class prices that go along with it, there is no way of knowing the impact. Current CPI is about. So there can be variance by a few percentage points higher or lower. We should have greater detail on mail classes when prices are filed at the PRC sometime in September or October.

There is one caveat on postal pricing, and that relates to what Congress may do in a Lame Duck Session in December as nothing will happen before that. In the current postal reform bill that passed through committee in the House, there is a provision for a 2. However, the likelihood of legislation being passed by the House and Senate this year is still very minimal, but anything is possible. This website uses cookies so that we can provide you with the best user experience possible.

So, if you have any last minute packages to ship and would like to save some money, now would be a good time. Current New Letters 1 oz. The announcement further outlines a 3. That may be. But certainly the increase introduces one more cost for small businesses who routinely use the service to consider when evaluating other options. Post Office Photo via Shutterstock.