U.S. Postal Service Denied Rate Increase

Posted By on September 30, 2010

The U.S. Postal Service was denied a proposed increase in rates after its regulator said the agency couldn’t justify the request. The decision left the price of first-class stamps unchanged at 44 cents.

The Postal Regulatory Commission in Washington today said the service couldn’t support a proposal for an average increase of 5.6 percent when the inflation rate is only 0.6 percent. The postal service said the recession has cut mail volume and revenue.

“There will be no rate increases as a result of our decision for any class of mail,” Ruth Goldway, chairman of the regulatory commission, said today at a Washington news conference.

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