The U.S. Postal Service has now has now officially raised it’s prices, another blow to normal Americans as inflation continues to eat into their budgets.
As The Daily Wire reports:
The agency proposed raising the price of First-Class Mail Forever stamps from $0.58 to $0.60, a 3.4% price hike, in April 2022. An array of price increases mean that the cost of First-Class Mail is now 6.5% higher — lower than the current rate of inflation, according to the agency.
“As inflation and increased operating expenses continue, these price adjustments will help with the implementation of the Delivering for America plan, including a $40 billion investment in core Postal Service infrastructure over the next ten years,” the Postal Service said in a statement. “With the new prices, the Postal Service will continue to provide the lowest letter-mail postage rates in the industrialized world and offer a great value in shipping.”
The cost of every additional ounce for a letter rose from $0.20 to $0.24, while the cost of mailing domestic postcards rose from $0.40 to $0.44. The price for sending a one-ounce international letter rose from $1.30 to $1.40.
With more than 600,000 employees, the Postal Service is among the largest federal agencies, with only two private companies — Walmart and Amazon — employing more people, according to the Brookings Institution. Rather than receiving taxpayer dollars, the agency relies solely on revenue from stamps and other fees.
In MArch the Postal Service had previously announced it would be granting its employees a 1.3 percent raise in addition to other cost of living increases in pay.
Ummmmmmm…. what does this have to do with Biden?
Let’s go Brandon!!
Yaaahooo!
You do know that the USPS is under the direction of the executive branch of the federal government. Now you know who to blame.
Don’t you love paying more for diminished service?
Per usual it is old folks who will be affected. Too bad.
what did they use to calculate the cost of living? lots of different standards for that. What is their total % increase?
As a lowly citizen I get hit with higher and higher mailing costs while my mailbox gets stuffed everyday with junk mail the get almost a free ride!!!!!!
Still more secure than the internet.
Higher prices for diminished service? That sounds Progressive to me.
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