The Postal Regulatory Commission (PRC) approved price changes for Shipping Services to take effect January 22, 2023.
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 will increase approximately 5.5 percent, Priority Mail Express service prices will increase by 6.6 percent, and First-Class Package Service prices will increase by 7.8 percent.
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.
The approved domestic Priority Mail Flat Rate retail price changes are:
Product Current Approved Change
Small flat-rate box $10.40 $10.20
Medium flat-rate box $17.05 $17.10
Large flat-rate box $22.45 $22.80
APO/FPO large flat-rate box $20.95 $21.20
Regular flat-rate envelope $9.90 $9.65
Legal flat-rate envelope $10.20 $9.95
Padded flat-rate envelope $10.60 $10.40
The final order approving the new competitive prices can be found here: https://www.prc.gov/dockets/document/123917.
The price change tables are also available on the Postal Service’s Postal Explorer website at pe.usps.com/PriceChange/Index.