By Randolphe E. Schmid, Associated Press Writer
WASHINGTON (AP) — The price of first-class stamps will not go up next year.
The Postal Service has been implementing rate increases annually in recent years, with increases announced in January to take place in May.
The rate went from 42 cents to 44 cents this year.
But Postmaster General John E. Potter announced in an internal postal memorandum that there will be no rise in prices next year for products in which the agency dominates the market, such as first-class mail.
"Simply stated, there will not be a price increase for market dominant products including first-class mail, standard mail, periodicals and single-piece parcel post," Potter said in a memo to staff.
First-class rates cover the type of mail most widely used by individuals, cards and letters. Many businesses use first-class service to deliver bills.
Standard mail is advertising mail, periodicals include newspapers and magazines, and single-piece parcel post covers packages sent by individuals.