The United States Postal Service filed a notice on November 10th, 2022 with the Postal Regulatory Commission (PRC) regarding the price adjustment for competitive products for 2023. This price adjustment must be approved by the PRC, but typically for competitive products, the PRC gives quick approval. The USPS plans to implement these price increases on January 22 nd, 2023 to align with the Market Dominant price increase.
The planned price changes include:
- Priority Mail Commercial rate to increase by 3.6%
- Priority Mail Retail rate to increase by 6.8%
- Priority Mail Express Service price to increase by 6.6%
- First-Class Package Services prices would increase by 7.8%
- Parcel Select Destination Entered over 1lb increase by 5.1%
- Parcel Select Destination Entered under 1lb increase by 6.1%
- USPS Retail Ground 6.4%
- No price increase for Parcel Select Ground
- No price increase for USPS Connect Local
Shipping Services price adjustments vary by product. Market Dominant products price increases are based on the consumer price index, Shipping Services prices are primarily adjusted according to market conditions.
The full notice can be found on the Postal Regulatory Commission website.