Governors approve using new regulations for future pricing

The Postal Service Governors have announced that future prices will be adjusted using new regulations issued by the Postal Regulatory Commission (PRC) on Oct. 29. Consistent with the Postal Accountability and Enhance­ment Act of 2006, future price increases will be capped at the rate of inflation for mailing services — First-Class Mail, Standard Mail and Periodicals.

The Governors had the option of filing one last rate case under the regulations used since 1971 but voted to pro­ceed with the new pricing regulations.

The new pricing regulations give the Postal Service added flexibility for shipping services such as bulk parcels, Priority Mail and Express Mail.