Postage stamp hikes set to begin in 2024

New prices scheduled to take effect Jan. 21, 2024
USPS: Prices are among the most affordable in the world
Ground Advantage prices will see a 5.4 percent increase

Updated: Dec 23, 2023 / 08:38 PM CST

Old postage stamps from different countries (Getty Images)

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

Loan Amount ($):

This is the total amount you're borrowing from the bank.

Annual Interest Rate (%):

This is the yearly interest rate on your loan.

Loan Term (years):

This is how long you'll take to repay the loan.

Annual Property Tax ($):

This is the yearly tax you pay on your property.

Annual Homeowners Insurance ($):

This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

(NewsNation) — The U.S. Postal Service announced upcoming price changes set to take effect on Jan. 21, 2024.

The proposed adjustments, greenlit by the Postal Service governors, aim to enhance the overall efficiency of shipping operations.

Under the new pricing structure, USPS Ground Advantage prices will see a 5.4 percent increase, while both Priority Mail service and Priority Mail Express service will experience hikes of 5.7 percent and 5.9 percent, respectively.

The pricing for USPS Connect Local will remain unchanged.

The price adjustments are needed as “inflationary pressures on operating expenses continue and the effects of a previously defective pricing model are still being felt,” USPS said. “The prices of the Postal Service remain among the most affordable in the world.”

“Driven by the ongoing implementation of the Delivering for America plan, 98 percent of the nation’s population currently receives their mail and packages in less than three days,” a press release said.