BOG Approves 7.7% Rate Increase

The U.S. Postal Service Board of Governors has approved the majority of the changes in domestic rates, fees and classifications proposed in the rate case settlement agreement recommended by the Postal Rate Commission.

The overall increase will be 7.7%, effective June 30.

First class stamps will go up to 37 cents per ounce and another 23 cents for each additional ounce.

Rates will not rise again until 2004, postal officials said, reiterating Postmaster General Jack Potter