Postal regulator limits USPS to once-a-year price hikes for mail through 2030

The Postal Service’s regulator is setting limits on how often the agency can set higher prices for its monopoly mail products.

The Postal Regulatory Commission ruled on Tuesday that the USPS, starting in March, can only raise mail prices once a year. This limit will remain in place through Sept. 30, 2030.

The commission eased restrictions on USPS mail prices in December 2020, when the agency was reeling from the COVID-19 pandemic, and was months away from running out of cash.