U.S. Postal Service Will Force Rates Up
August 8th, 2008
The U.S. Postal Service has had a year-to-date net loss of $1.13 billion, including a greater-than-expected loss of $1.1 billion for the third quarter. How this affects the magazine industry: ABM Washington Counsel David Straus says, “The way the CPI [Consumer Price Index] is going, you could be looking at periodicals rates going up 5 or 6 percent for some publications—about double the 2.9 percent increase we saw in May.” Folio (August 7, 2008)
Tags: consumer, CPI, index, magazine, Postal Service, price, straus