On April 6th, the United States Postal Service filed notice with the Postal Regulatory Commission (PRC) and announced their proposed new rates. These rates have been reviewed by the PRC and approved on May 27th, 2022. The new rates will go into effect Sunday, July 10, 2022.
Below are the highlights of the changes:
Click here for a full summary of changes
Historically, USPS rates changed one time per year in January and were limited to the rate of inflation, which remained relatively flat at 1-3% per year. However, in December of 2020, the Postal Regulatory Commission changed the maximum rate cap for the USPS and allowed them to increase rates above the rate of inflation. Starting in 2023, we should expect to see two rate increases per year for market dominant products – a smaller increase in January and a larger increase in July.
Therefore, there’s never been a better time to go digital. Our EverView™ platform offers the flexibility needed to allow customers to pay when and where they want with whatever method they chose, the personalization to send out relevant communications based on individualized customer behaviors, and cost effectiveness – reallocating print costs to more strategic investments. Learn more about our EverView platform to help offset rising postage costs or contact us to schedule a demo.