Hike service

Postal Service Hiking Rates in January 2023

Mail will become more expensive in January 2023.

The United States Postal Service (USPS) has announced plans to raise prices an average of 4.2% on its first-class mail products in the new year to offset rising inflation.

USPS also plans to raise prices for special services that include certified mail, post office box rental fees, money order fees, and the cost of purchasing insurance when mailing an item.

US Postal Service governors approved the rate hikes. The Postal Regulatory Commission has yet to approve the increases, but this is essentially a formality that will take place before 2023.

Anticipated price increases include a jump of 3 cents for 1 oz. letters and 1 oz. letters on the meter, the first going to 63 cents and the second to 60 cents.

First-class services typically involve standard-sized one-piece envelopes weighing up to 3.5 oz, as well as large envelopes and small parcels weighing up to 13 oz. Items are usually posted within one to five business days, or two to five business days for small parcels.

Currently, the Postal Service charges customers higher rates to ship during its peak holiday season, which the organization defines as October 2 through January 22. Although these prices are seasonal, those that would come into effect in January will be the new standard prices.

The prices of the various Swiss Post services increased by an average of 6.5% in July. More rate increases are likely in the cards, possibly coming every January and July for a while. Postmaster General Louis DeJoy said the increases are necessary to make the Postal Service financially stable.

Promotional product companies using USPS will need to account for any increases. Promotional businesses — and others across industries — can also expect higher prices from FedEx in early 2023.