Below is a partial reprint of the USPS Announcement. The full announcement can be found here.
The United States Postal Service filed a notice with the Postal Regulatory Commission (PRC) on Wednesday, October 9, 2019, of price changes to take effect January 26, 2020.
The proposed prices, approved by the Governors of the Postal Service, would raise Mailing Services product prices approximately 1.9%. Shipping Services price increases vary by product. For example, Priority Mail Express would increase 3.5% and Priority Mail would increase 4.1%, on average. Although Mailing Services price increases are based on the Consumer Price Index, Shipping Services prices are primarily adjusted according to market conditions. The Governors believe these new rates will keep the Postal Service competitive while providing the agency with needed revenue.
If favorably reviewed by the PRC, the new prices will include no increase in the price of a First-Class Mail Forever stamp, which would remain at 55 cents. The single-piece letter additional ounce price would remain at 15 cents. Also unchanged would be the prices of postcard stamps at 35 cents, and 1-ounce flats at $1.