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PRC Recommends 7.6% Rate Hike
The Postal Rate Commission has recommended rates either equal to or below those requested by the U.S. Postal Service, DMNews reports.
The average rate increase will be 7.6 percent while the rates proposed by the postal service equate, on average, to an 8.1 percent increase. PRC, for example, has recommended a 2 cents rather than 3 cents increase in the price of a First-Class stamp. The PRC adopted USPS proposal for Standard Mail shape-based rates.
“In nearly every category of mail, including nonprofits, the Commission approved rate increases equal to or below the postal service’s request, while still meeting the Service’s revenue requirement,” said Dan Blair, chairman of the new Postal Regulatory Commission
While no final date has been announced regarding the governors’ decision, Postmaster General John E. Potter told USPS customers last year that they should prepare for a possible May 6 rate change date.