New York (CNN Business)US Postal Service raises prices for shipping services for third year in a row, but , that's just a few months.
The price increase from 25 cents to $6 or more per package will go into effect on October 2, 2022 and will last until January 22, 2023. Priority Mail Express and First Class Package Service.
"These one-off rates keep the USPS competitive while providing the agency with income to cover extra costs in anticipation of peak season volumes," he said. it says. The Postal Regulatory Commission must approve higher rates.
US postage stamp costs rose 2 cents last month, while mailing costs for first class letters rose 3.4% to 60 cents. Given that overall consumer prices are up 9.1% year-on-year, the fastest pace in 40 years, the modest hikes seem almost strange.
-- Chris Isidore of CNN Business contributed to this report.