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October 12, 2018 5:15 PM, EDT

USPS Proposes Price Hike for Parcel Packages, Stamps

Andrew Harrer/Bloomberg News

The sticker price of parcel packages and first-class stamps will rise if the U.S. Postal Service has its way.

Prices for packages weighing more than one pound would increase 9.3%.

A proposed 5-cent increase from 50 to 55 cents for a traditional stamp would be the largest incremental hike since 1991.

Rate hikes across the board are also coming if approved: lightweight packages 12.3%, return service 6.8%, first-class package service 12.3%, commercial 11.9% and retail 13.3%.

The increases come after criticism by President Donald Trump and continual fiscal troubles for the USPS. Changes are proposed to take effect Jan. 27, 2019.

A comment period is open on the Postal Regulatory Commission’s website until Oct. 25, 2018. The notice has also been made available at www.prc.gov.

U.S. Postal Service Price Hike Proposal by Transport Topics on Scribd