The U.S. Postal Service filed a notice Wednesday of a temporary price increase for this year’s peak holiday season.
The agency explained that the adjustment was approved by its board of governors and is now pending review by the Postal Regulatory Commission. The price hike will take place starting from Oct. 2 and ends on Jan. 22, 2023.
The agency said the adjustment is similar to past years and will allow it to remain competitive during the peak shipping season.
The price hike depends on the package’s weight and the delivery distance. Commercial priority mail packages will see a 75-cent hike, and heavy, long-distance deliveries could see increases of up to $6.50.
The agency noted that it relies on postage and product and service sales to fund operations.
The announced price hike comes soon after the agency stated plans to purchase at least 25,000 electric delivery vehicles.