The value of stamps will enhance this summer season beneath a plan introduced Monday by the U.S. Postal Service, with the price of mailing a invoice or letter rising to 66 cents from the present 63 cents — lower than six months after the final price hike.

The postal service blamed inflation and “the effects of a previously defective pricing model” for the persevering with price hikes, which have hit each six months in recent times. The final price hike took impact Jan. 22.

The Postal Regulatory Commission has to approve the deliberate hikes, which might go into impact July 9. While first-class mail charges would rise to 66 cents for the primary ounce, the present 24-cent cost for every further ounce would stay unchanged. Metered first-class letters would rise from 60 cents to 63 cents for the primary ounce. 

Also growing could be the price of home and worldwide postcards, one-ounce worldwide letters, licensed mail, publish workplace field leases, cash order charges and mailing insurance coverage. 

“The Postal Service continues to offer a great value in mailing and has some of the lowest rates in the industrialized world and is self-funded and generally does not receive tax dollars for operating expenses. It relies on the sale of postage, products and services to fund its operations,” USPS spokesman David P. Coleman wrote in an e mail to The Washington Times.

Periodic price will increase are seen as an important a part of the company’s “Delivering for America” plan introduced in 2021. Speaking on the American Enterprise Institute in July 2022, Postmaster General Louis DeJoy mentioned: “It’s going to take several years before we can ease up” on price hikes, “especially in this inflationary environment.”

A whole rundown of the USPS’ value submitting is on the Postal Regulatory Commission’s web site beneath the Daily Listings part at prc.gov/dockets/day by day and Docket No. R2023-2.

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