U.S. Postal Service announces temporary price increase

Posted at 1:52 PM, Aug 15, 2020
and last updated 2020-08-15 14:52:03-04

The United States Postal Service is planning for a temporary price hike.

It will go into effect from October 18 to December 27 of this year.

"The planned temporary price adjustments are in response to increased expenses and heightened demand for online shopping package volume due to the coronavirus pandemic and expected holiday ecommerce," said USPS in a press release.

Package shipments will see a rate increase anywhere from 24 cents to as much as $1.50.

USPS filed the notice with the postal regulatory commission.

The price hike is expected to still keep the postal service rates competitive while providing the agency with much needed revenue.