USPS hopes to raise rates - Fox29 WFLX TV, West Palm Beach, FL-news & weather

USPS hopes to raise rates

Posted by Elizabeth Stewart - email

(WFLX) - The post office wants to raise rates. The agency wants to increase the price of a stamp by two cents to 46 cents.

And that's not all. Postal officials announced a wide-ranging series of proposed price increases averaging about five percent, and covering first class, advertising mail, periodicals, packages and other services.

The post office has been battered by massive financial losses and declining volume.

The request now goes to the Independent Postal Rate Commission which has 90 days to respond.

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