Postal Service proposes rate hikes

The U.S. Postal Service has proposed raising postage rates this spring to adjust for inflation, according to a recent filing from the organization. Under the USPS plan, which was submitted to the Postal Regulatory Commission last Thursday, prices across all classes of mail would increase by an average of 1.966 percent on April 26. The cost of a single-piece stamp would remain at 49 cents, but the rate for letters weighing more than 1 ounce would increase from 21 cents to 22 cents per additional ounce.

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