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USPS Rate Increase Chart 2024: Postal Service Price Changes!

Written by The Anand Market

Updated on:

The United States Postal Service (USPS) announced a rate increase effective January 21, 2024. A first class Mail Forever stamp would now cost 68 cents instead of 66 cents under revised prices, a increase of 2 cents.

USPS Rate Increase Chart 2024

The proposed changes, authorized by Postal Service governors, would result in an increase of about 2 percent in the cost of Postal Service products.

  • American Rescue Plan stimulus checks
  • $1,907 in Social Security checks January 2024
  • Texas TRS Payment Schedule.
  • 2023 Earned Income Tax Credit
  • $600 IRS declaration

Table of major USPS rate increases (effective January 21, 2024):

ServicePrevious priceNew priceIncrease
First Class Mail (1 oz stamp)$0.66$0.682 cents (3%)
First Class Mail (1 ounce measured)$0.63$0.641 cent (1.6%)
First Class Postcard$0.51$0.532 cents (3.9%)
Extra ounce (letter/dish)$0.24$0.24No change
Priority Mail Flat Rate Envelope (Small)$10.20$10.4020 cents (1.9%)
Priority Mail Flat Rate Envelope (Large)$22.80$24.75$1.95
Priority postal parcel (average)N / A+5.7%N / A
Ground Aadvantage™ (Average)N / A+5.4%N / A

First Class Mail Price Adjustments

First Class Mail price adjustments effective January 21, 2024 are as follows:

  • Forever Stamps: Increased price by 2 cents (from 66 cents to 68 cents), representing an increase of approximately 3%.
  • Metered Mail: Slightly smaller increase of 1 cent for 1-ounce letters (from 63 cents to 64 cents), which translates to an increase of about 1.6%.
  • Postcards: 2 cent increase for first class postcards (from 51 cents to 53 cents), which equates to an increase of approximately 3.9%.
  • Additional Ounces: No change in cost per ounce for additional weight in letters and plates (remains at 24 cents).
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usps rate increase chart 2024

Priority Mail Rate Adjustments

Priority Mail rate adjustments effective January 21, 2024 are as follows:

  • Flat Rate Envelopes: All sizes are seeing price increases ranging from 20 cents to $1.95, representing increases of approximately 2-4% depending on the envelope.
  • Priority Postal Parcels: Parcel prices based on weight and destination area increased by an average of 5.7%. This means the exact increase will vary depending on your specific shipment.
  • Overall Increase: Compared to previous rates, Priority Mail services now cost an average of 5.7% more.

Other USPS Service Adjustments

Other USPS service adjustments effective January 21, 2024 are:

  • Ground Advantage™: Domestic shipments within the contiguous United States experience an average price increase of 5.4%. This could mean slightly higher costs for sending heavier or larger packages.
  • Priority Mail Express®: The fastest delivery service sees an average price increase of 5.9%. If you need urgent shipments, be prepared for slightly higher costs than before.
  • Special services: some special services have also seen adjustments, including:
    • Certified Mail: Expect a slight increase in certified mail shipping costs to ensure delivery confirmation.
    • PO Box Rentals: PO Box rental fees may have changed depending on your location and the size of your box.
    • International Mail Insurance: The cost of adding insurance to international packages may have increased slightly.

What is the reason for the USPS rate increase in 2024?

Some of the main reasons behind USPS rates increasing in 2024 include:

  • Inflationary Pressures: The USPS faces increasing costs due to inflation, which affects the prices of goods and services necessary to operate the Postal Service.
  • Operating Expenses: The Postal Service seeks price adjustments for special service products, including post office box rental fees, money order fees, and the cost of purchasing insurance when mailing a article.
  • Revenue Generation: The USPS needs additional revenue to maintain operations and provide necessary services to its customers.
  • Declining Mail Volume: The volume of traditional mail sent via the USPS is steadily declining as more people communicate electronically.
  • Investment in infrastructure and technology: The USPS is investing in new technologies to improve efficiency and service, such as automated sorting machines and package delivery drones.
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How does the USPS rate increase impact international shipping?

The impact of USPS rate increases in 2024 on international shipping is multifaceted and depends on several factors:

Direct impact:

  • Price increase for international letters and postcards: The cost of sending a one-ounce letter or postcard internationally has increased by 5 cents ($1.50 to $1.55) . This represents an increase of approximately 3.3%, which directly affects small package shipments.
  • Potential Price Adjustments for Other International Services: Although not explicitly mentioned in the January 2024 rate announcement, USPS may implement additional price adjustments for specific international services.
  • Impact on small businesses and individuals: Increased international shipping costs may impact small businesses that rely on exports or individuals who send packages overseas.

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