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On Friday May 28, 2021 the USPS filed with the Postal Rate Commission a very large postage rate increase. The request is for the rates to go into effect on August 29, 2021. The overall average price increase is 6.8%.
New pricing authority was granted to the Postal Service under three provisions of a PRC order issued last November. First, due to density loss, basically the number of pieces per mail box which was calculated at 4.5%. Then retirement since the USPS has an unpaid balance which was calculated at 1.062%. Finally non-compensatory which is a fixed 2% to be applied to cover postage rates that are not covering their costs.