No postal increases in 2010 says USPS

The USPS released a statement late last week announcing the welcoming news.

There will not be a price increase for market dominant products including First-Class Mail, Standard Mail, periodicals, and single-piece Parcel Post.  There will be no exigent price increase for these products.

 “Many of you have expressed concerns regarding mailing costs for 2010. The tough economic climate has presented significant challenges to all of us and pessimistic speculation has suggested that postal prices could increase by as much as 10 percent,” Postmaster General John E. Potter said in a statement.

“This is the right decision at the right time for the right reason. Promoting the value of mail and encouraging its continued use is essential for jobs, the economy, and the future of both the Postal Service and the mailing industry,” he said.

 While increasing prices might have generated revenue for the Postal Service in the short term, the long term effect could drive additional mail out of the system.

“We want mailers to continue to invest in mail to grow their business, communicate with valued customers, and maintain a strong presence in the marketplace,” he said.

Changes in pricing for Priority Mail, Express Mail, Parcel Select and most international products are under consideration. The USPS is expected to announce a decision in November.