They don’t know how much down….
But it seems the Postal Service got an increase up to .49 in 2014 as part of a deal that calls for the price to go back down due to the economy ….
Best guess ?….
Maybe .2 cents?
Stamp prices jumped three cents to 49 cents in January 2014 after postal officials, already financially strapped because the Internet is killing mail volume, said they needed to recoup billions of dollars they lost during the recession. The 4.3 percent increase came on top of the customary 1.7 percent postage prices have risen to adjust for inflation.
But regulators set a cap on the amount of revenue the Postal Service could recoup with the higher prices. After legal challenges from the industry representing bulk mailers (who argued against the emergency rates) and the Postal Service (which argued that they should be permanent), the U.S. Court of Appeals for the District of Columbia Circuit ruled in June that rate hike should not become permanent.
The aftereffects of the recession have become “the new normal,” the ruling said — and the Postal Service must adjust to that reality….
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