A consumer industry group is protesting the U.S. Postal Service (USPS)’s latest proposed price hike for postage stamps, saying it far outpaces inflation and could drive further declines in mail volume.
Keep US Posted—a nonprofit advocacy group of consumers, nonprofits, newspapers, greeting card publishers, magazines, catalogs and small businesses—has called on the Postal Regulatory Commission to reject the price hike.
The USPS yesterday filed notice with the commission of mailing services price changes to take effect July 14, including a 5-cent increase in the price of a First-Class Mail Forever stamp from 68 cents to 73 cents.
“As changes in the mailing and shipping marketplace continue, these price adjustments are needed to achieve the financial stability sought by the organization’s “Delivering for America” 10-year plan. USPS prices remain among the most affordable in the world,” the agency said in a release.
