Price increases in the US Postal Service take effect on Sunday

The next time you send an email through the United States Postal Service (USPS), it will cost you extra.

The USPS ‘rate hike, which raised the price of premium mail by 6.5%, took effect on Sunday, according to the agency. When the USPS announced its announcement in April, it noted that the 6.5% increase would still be below inflation, which is at a rate of 8.6%.

However, this is unlikely to be the latest increase from the USPS.

In May, Postmaster General Louis DeJoy said that Americans should get used to “unpleasant”[ads1]; postage increases in the years to come, as the US Postal Service seeks to become self-sufficient.

US POST SERVICES SUMMER NEXT ONE THIRD OF FIRST CLASS PACKAGE DELIVERIES

The postal service board sets postage prices, but DeJoy said he would advocate raising prices to “we have achieved our goal of projecting a trajectory that shows we are self-sustaining.”

Fox took an inside look at a USPS processing and distribution center in Dulles, Virginia, as Americans rush to receive last-minute gifts in the mail. (FNC / Fox News)

This goal is set out in the USPS’s 10-year plan, Delivering for America. As part of this plan, the USPS is working to balance by the financial year 2023 and avoid $ 160 billion in estimated losses over the next 10 years.

The price adjustments, which take effect Sunday, “will help implement the Deliver for America plan, including a $ 40 billion investment in the core infrastructure for postal services over the next ten years,” according to the USPS.

Here are the price changes, according to Stamps.com, which is an independent provider of USPS.

• The postal price of First Class Mail (1 oz.) For postage purchased at the post office: Increased two cents to $ 0.60. Each additional ounce will cost $ 0.24.
• “Metered Mail” Rate for First Class Mail (1 oz.) – Letter: Increased four cents to $ 0.57.

USPS PLACES $ 3 BILLION ORDER FOR 50,000 NEW DELIVERY VEHICLES INCLUDING 10,000 ELECTRIC TRUCKS

• Premium Mailboxes / Large Envelopes (1 oz.): Increased four cents to $ 1.20. Each additional ounce will cost $ 0.24.
• First Class Mail International (1 oz.): Increased ten cents to $ 1.40.

Detail view of the USPS logo on a priority entry. (Brett Carlsen / Getty Images / Getty Images)

• Postcards: Increased four cents to $ 0.44.

CLICK HERE TO READ MORE ABOUT FOX BUSINESS

• First Class Mail International (1 oz.): Increased ten cents to $ 1.40.
• Certified Item: Increased by twenty-five cents to $ 4.00.
• Media Mail: Increased 9% to $ 3.49.

The Associated Press contributed to this report.