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USPS Exigent Price Increase to Stop

Jar of CoinsThe Postal Service will have to stop collecting its exigent price increase, collected since January 2014, once revenues are sufficient to compensate for losses associated with the recent recession, a federal court ruled on June 5. The Postal Service hoped to make the increase permanent. The timing of the price hike’s expiration is still unclear.

The exigent price increase amounted to a three cent emergency postage hike for First-Class Mail. It was approved by regulators to help the agency recover revenues lost during the Great Recession of 2008. The 2014 exigent price increase of 4.3% was added to a considerably lower 1.7% cost-of-living increase in the price of postage in 2014.