Wednesday, January 21, 2009

The NonProfit Times - The Leading Business Publication For Nonprofit Management

The NonProfit Times - The Leading Business Publication For Nonprofit Management: "Postal Hike Capped At 3.8% Average

By Mark Hrywna

Plummeting energy prices during the last quarter of 2008 could very well have saved nonprofits untold thousands in future postal increases.

The Postal Regulatory Commission (PRC) determined a cap of 3.8 percent on the average postal class after new economic data were released Friday morning by the U.S. Bureau of Labor Statistics. Postal reform legislation approved by Congress in December 2006 allows the United States Postal Service (USPS) to adjust rates annually by no more than the Consumer Price Index for All Urban Consumers (CPI-U) for the preceding 12 months. The PRC’s rate cap is determined by incorporating the December CPI-U figure and a percentage change between years."

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