While every one was eyeing for the much discussed postal rate increment, the PRC finally approved the postage rate increase as requested by USPS.
Online PR News – 24-January-2014 – Fairfield / New Jersey – The Postal Regulatory Commission (PRC) voted 2-1 to approve an exigent, or “emergency,” postage rate increase of 4.3 percent, the full amount requested in September by the USPS (to see rates, click here). This increase is to be applied in addition to the CPI increase of 1.7 percent.
The cost for a First Class stamp will go from 46 cents to 49 cents effective Jan. 26, 2014. The USPS rate increase for sending letters, magazines, and packages by six percent is aimed to only be temporary, according to the report. The rates are not expected to be permanent, ending in less than two years. It is being implemented to help the Postal Service recover from significant financial losses.
Mail services across the board will be up to six percent more with the postage increase for 2014. Please feel free to contact your Redi-Mail representative with any questions.
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