2024 Postal Rate Changes: What to Expect

Written By Brooke Schumann

In 2024, there are two postal rate increases on the horizon, with the first set to be announced in October and taking effect on January 21st. This initial increase can only include the Consumer Price Index (CPI) data from March 2023 to August 2023.

Here's a snapshot of what to anticipate in January 2024:

  • Marketing Mail Flat & CR Flat: Expect around a 3.96% increase.

  • MM Letters: Likely a 1.85% increase.

  • First-Class Mail: Anticipate a 1.96% increase.

  • Periodicals: Also expecting a 1.96% increase.

  • Bound Printed Matter Flats & Parcels: Rates for these services are likely to rise.

In July 2024, brace yourself for a potentially larger rate adjustment, estimated to be double the January increase. Here's what's expected for July:

  • Marketing Mail Flat: Projections indicate an increase of approximately 9.3% to 9.6%.

  • Marketing Mail CR Flat: Expectations point to a 7% to 7.5% increase.

  • MM Letters: Rates are likely to rise by about 7% to 7.5%.

  • First-Class Mail: An estimated increase of 7.3% to 7.6%.

  • Periodicals: Projections suggest an increase of 9.3% to 9.6%.

  • Bound Printed Matter Flats & Parcels: Rates for these services may see a rise between 6% and 7%.

  • Media / Library Mail: Expect an increase ranging from 9.3% to 9.6%.

These projections are subject to change based on economic factors impacting the CPI and USPS discretion. Keep in mind that each mailing profile may vary in its exact impact. We'll keep you updated as we navigate these evolving postal rates throughout the year. Stay informed and prepared for these adjustments in 2024.

*This information was sourced from reports from ENRU - Logistics and Postal Optimization

Brooke Schumann
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