Certain postage prices will increase on January 24, 2021, according to the United States Postal Service (USPS). Fortunately, there’s no need to rush out to the post office and stock up on stamps. The price hikes for 2021 will have no effect on the price of First Class stamps, thus all of the stamps in your desk drawer will still be valid in 2021 for normal mails.
This page gives a detailed overview of how USPS postage prices will change in 2021, as well as an explanation of how and why price adjustments occur.
Why is the Cost of Postage Changing?
The Postal Service Board of Governors reviews postage costs every year. The Postal Service Board of Governors must authorise any price changes based on consumer price indices.
Unlike many other countries, the United States Postal Service does not receive tax revenues to sustain its operations, instead relying on the sale of stamps, products, and services. As a result, prices have been adjusted to keep USPS competitive while also ensuring the agency’s financial needs are met.
Visit History of the US Post Office to learn more about the USPS’s history and operations.
How are Postage Prices Changing in 2021?
Both domestic and international postage rates are set to rise in 2021. The tables below compare letter, flat rate envelope, and package rates in 2020 and 2021.
In addition to the postage increases, the USPS is making the following modifications to its postage system:
- USPS accepts shipments weighing up to 70 pounds and measuring no more than 130 inches long plus girth. Packages that exceed these limits will be accepted beginning in 2021, but a $100 overweight/oversize surcharge will be charged to the delivery cost.
- The cost of postage when mailing abroad is governed by the group in which a country is located. The number of nation groups will be raised in 2021, allowing for more tailored postage charges based on where your shipments are heading. Depending on your final location, this may save you money or cost you more.
visit https://www.usps.com/business/prices.htm for the latest prices