New Postage Rates Start Today

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New Postage Rates Start Today

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Today’s postage rate increase won’t break the bank, but it may give you a penny-stamp headache. Most notably, the price of a First Class mail stamp will increase from 42¢ to 44¢. Other notable price increases include:

Large envelopes – first ounce — $0.88
Parcels – first ounce –$1.22 ($0.17 per additional ounce)
Postcard — $0.28
Stamped Envelope — $0.54
Certified Mail — $2.80
Priority Mail — $0.70

The USPS has a complete price list here.

I noticed an interesting tidbit on the USPS website:

The average increase by class of mail is at or below the rate of inflation as measured by the Consumer Price Index.

Does that mean we’re experiencing inflation? I can’t conclude anything from the Bureau of Labor Statistics’ quote below:

For the first three months of 2009, consumer prices increase at a seasonally adjusted annualized rate (SAAR) of 2.2 percent. This compares to a 0.1 percent increase for all of 2008.

Wikipedia notes a couple of other interesting facts about the CPI:

Between 1971 and 1977, the United States CPI increased 47%.
In 2009 the Consumer Price Index fell for the first time since 1955.

The postage stamp increase alone may not mean much, but it is a reminder to watch for other signs of inflation, whether through the CPI or other price increases. I think it’s just a matter of time before inflation hits.

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