USPS Files for 2017 Price Increase
Today the U.S. Postal Service filed with the Postal Regulatory Commission (PRC) a price adjustment notice associated with changes in the Consumer Price Index for All Urban Consumers (CPI-U) on market-dominant products. Based on data from the Bureau of Labor Statistics, the Postal Service has inflation-based price adjustment authority of 0.422% for First-Class Mail and Standard Mail, and 0.871% for Periodicals, Package Services, and Special Services. Within the filing, the USPS is seeking approval on several structural changes as well as a name change from Standard Mail to Marketing Mail which it feels better aligns with its customer’s use of this mail class.