As regular as the traditions of Black Friday and the Thanksgiving Macy’s parade, the USPS seems to have its own holiday season ritual – the annual announcement of price increases. In a press release posted on the Postal Regulatory Commission (PRC) website on November 21, the commission confirmed that it has approved a USPS request to increase prices for 2014. The press release states that commission made the determination that “the rates proposed by the Postal Service are consistent with the law, provided that the Postal Service does not implement Full Service IMb requirements concurrently with the proposed increased rates.” The commission clarified this statement by explaining that the preparation required to assign IMbs (Intelligent Mail Barcodes) to unique pieces of mail, bundles, and pallets, would be a classification change. The impact would need to be included in USPS’s calculations for rate changes. Implementing the proposed rate adjustments in addition to the Full Service IMb requirements “would result in increases in First-Class Mail, Standard Mail, and Periodicals that exceed the statutory Consumer Price Index price cap, currently at 1.696 percent.”
Price changes go into effect on January 26, 2014.