India, Oct. 7 -- The United States Postal Service (USPS) has announced that it will not be increasing the prices of its market-dominant services in January next year. This is a major development as an annual hike in prices has become a feature of the USPS for the last two decades, as per The US Sun. US Postmaster General David Steiner explained the thinking behind this decision in a statement.

"We continually strive to balance our pricing approach both to meet the revenue needs of the Postal Service and to deliver affordable offerings that reflect market conditions. We have therefore decided at this time to forgo a price change for first-class mail postage and other market-dominant services until mid-year 2026," Steiner said.

While the ...