2019 Postage Hikes Could Top 5% As Inflation Soars
Posted on June 13, 2018 by mailomg in memo 272, Uncategorized // 0 Comments
The Consumer Price Index rose 0.2% in May, marking a 2.8% rise in the last 12 months.
That means mailers will be paying more come January 2019. Under current law the USPS can raise postage rates annually by the rate of inflation, which has been slowly creeping up over the past few years.
The January 2018 rates increased 1.9% based on the rate of inflation. The new numbers indicate the January 2019 increase could be close to 3%.
But that number goes to 5% if the Postal Regulatory Commission gives final approval to its new rate setting plan. Under that plan, introduced in December, the USPS is given the power to raise rates an additional 2% over the rate of inflation.
The PRC announced it would make a final determination by the end of 2018. The proposed plan also includes an additional 1% rate hike power on top of the 2% if the USPS meets service standards.
Related Articles:
Consumer inflation rising at fastest pace in 6 years, CPI shows
PRC’s Blueprint For Regulating Future Postal Rates & Classes
RATE HIKES COULD TOP 7% FOR MAILERS … EACH YEAR!
YIKES! Mailers Will Pay Up To 3% More Plus Inflation With PRC Ruling
Search the Official Mail Guide
NY Giants Legend Carl Banks Keynote At MAILCOM
LATEST NEWS
-
Last updated September 23, 2023 2:20pmET From The National Hurricane Center: Heavy rainfall from this system could produce flash, urban and small stream flooding across [...]
-
WASHINGTON, DC — The U.S. Postal Service filed notice with the Postal Regulatory Commission (PRC) requesting approval to make certain Mail Classification Schedule (MCS) [...]
-
WASHINGTON, DC — The USPS plan filed with the Postal Regulatory Commission would give mailers a 30% discount on additional First-Class and Marketing Mail volumes. As [...]
-
Upcoming Seminar At MAILCOM 2023: Intelligent Mail Indicia (IMI) was introduced in 2015 to ensure that postal service receives frequent postage use information to better [...]
-
Postmatic automatic Friction Feeders can feed flat and multi-thickness products consistently at high speeds into production streams up to 10″ x 13″. Feed a wide variety [...]
-
Project US@ was established by the Office of the National Coordinator (ONC) for Health Information Technology to create standards for patient address information. The [...]
-
In today’s business world, mailrooms are facing several challenges and one of the biggest is staffing. Seasoned employees are retiring, or they resign, seeking positions [...]
-
Marriage Mail is a form of direct mail in which marketing service companies combine or “marry” advertisements (e.g., coupons or sales notices) from multiple companies [...]
-
This document has been developed to make it easier to create and use labels on parcels shipped via the United States Postal Service. While some flexibility exists in design [...]
-
MAILCOM 2023 will feature over 70 sessions, keynotes, and exhibits on mail communication and distribution operations. Now in its 41st year, MAILCOM offers professional [...]
-
Last updated September 5, 2023 8:45amET Florida 9-2-23 McAlpin, 17054 US Highway 129, 32062 — Operations remain temporarily suspended. All operations have been moved to [...]
Next Postage Rate Hike July 9, 2023
NEW IN THE OMG:
-
memo 569
Open/Scan/Email Incoming Mail
-
Spring 2020 Tech
Prepare USPS Mailings In Cloud
-
Spring 2020 Tech
Make Shaped Mail
-
Spring 2020 Tech
Tabbing & Labelling System
-
Spring 2020 Tech
Correct Elect Vote by Mail
-
Spring 2020 Tech
SMART Shipping System
-
OMG Spring 2019
Forms Processing Equipment
-
memo 568
Increase Output With Quadient iX-9
-
Memo 211
Mail Matching System
-
Spring 2020 Tech
Card Mailing System
-
PB SEND AUTO
Pitney Bowes SendPro C Auto
-
EII Light
Sort-to-Light For Flats, Parcels
-
Spring 2020 Tech
Mail Tray Carts
-
Bowe Speed
Fusion Speed Hits 30K Envelopes/Hr
-
memo 543a
Full Color Inkjet Direct Mail Printer
-
Spring 2020 Tech
Convert Flats To Envelopes
-
Spring 2020 Tech
PB Intelligent Lockers
-
Spring 2020 Tech
EZ-Letters Sorting Solution
-
Memo 540
Seal-Tight Concentrate Saves