The Postal Service says it won’t raise mail prices in January 2025, breaking a cycle of semiannual rate hikes that began in recent years.
Last Friday, the USPS Board of Governors approved Postmaster General Louis DeJoy’s recommendation not to raise prices on “market-dominant” mail products over which the agency has a monopoly.
“Our strategies are working and projected inflation is declining,” DeJoy said in a statement. “Therefore, we will wait until at least July before proposing any increases for market-dominant services.”
USPS in July raised the price of a first-class Forever stamp from 68 to 73 cents — its sixth rate increase since 2020, when it got the authority from its regulator to set prices higher than the rate of inflation.
The reprieve from higher mail prices, however, appears short-lived.
