US Postal Service Halts Stamp Price Hikes for First Time Since 2022
Postmaster General cites effective strategies and declining inflation for decision to pause increases until at least July.
- USPS recently increased the price of a first-class mail stamp to 73 cents, marking a 36% rise since 2019.
- The agency is undergoing a 10-year restructuring plan aimed at eliminating $160 billion in predicted losses.
- USPS reported a $6.5 billion net loss in November, with first-class mail volume at its lowest since 1968.
- First-class mail remains the highest revenue-generating class, contributing $24.5 billion or 31% of 2023 revenue.
- Legislation signed by President Biden in 2022 provides USPS with $50 billion in financial relief over a decade.
Denver Gazette 
