PRC Chairman Predicts 5% Rate Hike for 2009: "Although the 2006 Postal Reform law restored a semblance of normalcy to annual postal rate increases, many catalogers are wondering what they can expect in terms of a rate hike in May 2009.
Dan G. Blair, chairman of the Postal Regulatory Commission, offers his educated prognostication: “It appears that the average increase for each class of mail will be approximately 5%. The actual rate cap will depend upon the behavior of the monthly CPI (Consumer Price Index) between now and December.
The cap is based on an average over two consecutive 12-month periods, Blair says. “The current value (as of Oct. 21) is 4.4%, and we’ve witnessed an upward trend over the past year.”"
October 29, 2008
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