Luke Sharrett/Bloomberg News
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The U.S. Postal Service announced it intends to hike prices in October for holiday shipping.
According to a news release published to the organization’s website, the USPS filed a notice this week with the Postal Regulatory Commission (PRC) to temporarily adjust prices for “key package products for the 2022 peak holiday season.”
The news release continues to explain how this adjustment is similar to ones in the past that have helped to “cover extra handling costs to ensure a successful peak season.”
“The planned peak-season pricing, which was approved by the Governors of the Postal Service on Aug. 9, would affect prices on the following commercial and retail domestic competitive parcels: Priority Mail Express (PME), Priority Mail (PM), First-Class Pack Service (FCPS), Parcel Select and USPS Retail Ground,” the release said.
“International products would be unaffected. Pending favorable review by the PRC, the temporary rates would go into effect at 12 a.m. central on Oct. 2, and remain in place until 12 a.m. central Jan. 22, 2023.”
This isn’t the only price hike the postal service has announced this year: CBS News reported in April how the USPS planned to raise its postage rates this summer less than one year after the last time such prices were increased.
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