On November 22nd, the Postal Regulatory Commission approved the increased Market Dominant Products postage rates to go into effect January 21st, 2024. The USPS “Market Dominant” products, include First Class and Marketing Mail.
Overall, the rates will increase by an average of 1.969% for First Class, and 1.961% for Marketing Mail, but as always, the details are important. Here are the increases for some common rates:
| Rate | Percentage | ||
| First Class | 1.969% | ||
| Straight First Class Letter | $.68 | 3.03% | |
| Letter Mixed AADC | $.571 | 1.78% | |
| Letter 5 Digit | $.507 | 1.81% | |
| Straight First Class Flat | $1.39 | 2.96% | |
| Flat Mixed AADC | $1.244 | 0.81% | |
| Flat 3 Digit | $1.047 | 0.96% | |
| First Class Canadian | $1.55 | 6.452% | |
| Marketing Mail – Commercial | 1.961% | ||
| Letter Mixed AADC | $.385 | 1.05% | |
| Flat Mixed AADC | $1.006 | 3.07% | |
On November 15th, the USPS filed for rate increases for their Competitive products, to go into effect January 21st, 2024 as well.
| Competitive Products | Percentage |
| Ground Advantage | 5.4% |
| Priority Mail | 5.7% |
| Priority Mail Express | 5.9% |
The rates are broken down as follows:
| Rate Increase Breakdown: | |
| First Class – Overall | 1.969% |
| CPI-U | 1.959% |
| Banked Rate Authority (reserved .001%) | 0.010% |
| Density Authority | 0.000% |
| Retirement Authority | 0.000% |
| Marketing Mail – Overall | 1.961% |
| CPI-U | 1.959% |
| Banked Rate Authority (reserved .001%) | 0.002% |
| Density Authority | 0.000% |
| Retirement Authority | 0.000% |
