USPS Announces New Prices for 2023
USPS announces new prices for some shipping services effective Jan 22, 2023.
- No price increase for Parcel Select Ground which, coupled with our recently improved service standard to 2-5 days from 2-8 days, offers a reliable and economical option for shippers
- No price increase for USPS Connect Local, which gives businesses of all sizes the ability to reach local customers at affordable rates
- Reduced pricing for some Retail Priority Mail Flat-Rate products below the temporary price currently in place
- Priority Mail Commercial rate to increase by 3.6 percent, well below the rate of inflation
WASHINGTON — The U.S. Postal Service filed notice with the Postal Regulatory Commission (PRC) today of price changes for Shipping Services to take effect Jan. 22, 2023.
These proposed prices were approved by the Postal Service governors. Notably, there is no price increase for Parcel Select Ground, which continues to be a reliable and economical shipping option. The pricing for USPS Connect Local will remain unchanged. This service provides businesses with an affordable same-day and next-day delivery for their local customers.
In addition, some Priority Mail flat-rate retail product prices will be reduced compared with the temporary rate adjustment currently in place, and Priority Mail commercial rates will increase by only 3.6 percent, well below the rate of inflation.
Overall, Priority Mail service prices would increase approximately 5.5 percent, Priority Mail Express service prices would increase by 6.6 percent, and First-Class Package Service prices would increase by 7.8 percent. The PRC will review the prices before they are scheduled to take effect.
Shipping Services price adjustments vary by product. Although Mailing Services price increases are based on the consumer price index, Shipping Services prices are primarily adjusted according to market conditions. The Postal Service governors evaluate shipping rates and fees and adjust them when needed as part of Postal Service’s 10-year Delivering For America plan which is designed to reverse a projected $160 billion in operating losses over the next 10 years.
The Postal Service has some of the lowest letter mail postage rates in the industrialized world and also continues to offer a great value in shipping. Unlike some other shippers, the Postal Service has upfront pricing and does not add surcharges for residential delivery or regular Saturday delivery.