Sending gifts this holiday season is about to get more expensive.
The US Postal Service announced a plan to temporarily raise postage prices from Oct. 2 of this year through Jan. 22, 2023, according to a release.
“The Postal Service has some of the lowest postage rates in the industrialized world and continues to offer great values in shipping,” the statement read. “These temporary rates will keep USPS competitive while providing the agency with the revenue to cover extra costs in anticipation of peak-season volume.”
Price increases will depend on the size of the package, how far it’s going and the type of parcel.
For example, retail priority packages up to 10 pounds traveling up to Zone 4 (a 301-600 mile radius) will see an increase of 30 cents.
A commercial priority package up to 10 pounds traveling up to Zone 4 will have a rate increase of 25 cents.
Heavier packages going the max distance can see increases of up to roughly $6.
Parcels impacted by the rate change include: Priority Mail Express (PME), Priority Mail (PM), First-Class Package Service (FCPS), Parcel Select and USPS Retail Ground. International USPS products will not be affected.
Price adjustments will vary based on the weight of the packages, as well as whether the packages have commercial or retail postage.
The temporary increase is similar to ones in previous years and will help cover extra handling costs during the peak holiday season, according to USPS.
USPS said the price initiatives line up with their 10-year-plan to achieve financial sustainability service excellence, Delivering for America.
The Postal Service filed notice with the Postal Regulatory Commission Wednesday to seek final review, and price hikes will take affect pending the review.