The Postal Service has asked the Postal Regulatory Commission for its approval to raise rates for a variety of catalog-type mailings, including rates for standard flats (up 0.8%), carrier route flats (1.4%) and high-density flats (0.4%).
Other proposed increases include standard parcels (up 11.3%), first-class flats (3.8%) and bound printed matter parcels (0.7%).
The current consumer price index stands at about 1.7%. The Postal Service is required by law to keep its average postal rate increases at or below this level, unless it can prove “exigent,” or extraordinary, reasons for greater increases.
If approved by the PRC, the new rate increases will go into effect April 17.