The cost of sending parcels by Media Mail will increase by an average of 4.4% on January 22, 2023. PO box rentals will increase by 4.5%, and the cost of a First Class stamp will increase by 5% to 63 pennies.
The USPS filed its proposed mainstream rate increases with the Postal Regulatory Commission on October 7, 2022, which generally gives proforma approval.
See also fee increases in January: certified mail and money order fees.
And in its “Market Dominant Price Change Notice” notice to the PRC on Friday, the USPS justified using virtually all of its authority to raise rates:
“The Postal Service has about 4.2 percentage points of pricing authority for each class. Governors have decided to use nearly all of that authority. The Postal Service’s Delivering for America plan presents a balanced range of initiatives to achieve financial viability and service excellence, and pricing studies are an integral part of this plan.”
Where the USPS used to raise rates annually, it now raises rates twice a year. Taking into account so-called “temporary” leave rates, the USPS actually increases the rates 3 times a year. The 2022 holiday rates went into effect on October 2 and will continue until January 22, 2023.
No mention of higher shipping costs would be complete without reminding readers of the painful fact that sellers will pay higher payment processing fees as a result – and on eBay and Etsy, they will also pay higher commission fees.