The USPS has finally jumped on the inflationary bandwagon. I didn’t notice the fine print when postage went up last year, but apparently it is going to be an annual thing.
The post office, like most VAs I know, will be evaluating their rate plan yearly from here on out and will adjust accordingly. By law, the price increases, on average, cannot be more than the rate of inflation as measured by the Consumer Price Index.
By average I am assuming they mean across all types of postage, since the rate change is not the same for all types, weights, and destinations.
On February 12, 2008 the Postal Service gave their legally required 90 day notice that postage will be going up again in May, just $.01 this time, to $0.42 for a standard first class letter.