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BtoB

Postal rates to go up in May

Published on .

Washington, D.C.—The U.S. Postal Service announced Monday that postal rates will go up May 12. The price for standard mail will increase by an average of 2.9%; periodicals will increase 2.7%. First class stamps will increase one cent to 42 cents.

This is USPS’s first increase under the guidelines of the Postal Accountability and Enhancement Act. The average increase by class of mail is at or below the rate of inflation, USPS said.

Consistent with the new postal reform law, prices for mailing services will be adjusted annually each May. USPS plans to provide 90 days’ notice before the price changes take effect each year.

The new pricing schedule can be found at www.usps.com/prices.

—Carol Krol

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