The U.S. Postal Service does not plan to increase the cost of first-class stamps heading into 2025 despite raising some delivery prices.
USPS is expected to raise shipping services prices by approximately 3.2% for Priority Mail and Priority Mail Express, 3.9% for Ground Advantage, and 9.2% for Parcel Select, according to Newsweek.
Postmaster General Louis DeJoy said a price increase could be proposed for first-class stamps later in the year, the outlet reported.
The proposed price increases, which would take effect Jan. 19, were approved by the USPS board of governors and have been filed with the Postal Regulatory Commission for review, The Hill reported.
The new rates require approval from the commission before taking effect.
Shipping service prices are adjusted based on market conditions while mailing service rates are tied to the consumer price index, The Hill added.