The United States Postal Service is upping its shipping service prices

The United States Postal Service is upping its shipping service prices. The adjustments would raise prices by 3.2% for priority mail service and nearly 4% for ground advantage. The change would take effect on Jan. 19. Postal Service leaders believe the new rates will keep the service competitive and provide the agency with revenue. The announcement comes after the Postal Service reported a net loss of $9.5 billion for the 2024 fiscal year. The Postal Service will not be raising prices in January for mailing services, which means the prices of first-class stamps will stay the same for now