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USPS announces temporary price increase starting late October

The U.S. Postal Service says it doesn't receive tax dollars and relies on the sale of postage, products and services to fund the operation.

WASHINGTON D.C., DC — Friday the United States Postal Service announced it will be temporarily increasing prices starting Oct. 18. The USPS filed the notice with the Postal Regulatory Commission for the temporary price increase, and says it will last until Dec. 27, 2020. 

According to the USPS, the planned price increase was approved by the Governors of the Postal Service on Aug. 6 and would increase prices on commercial domestic "competitive parcels." Those include, Priority Mail Express, First-Class Package Service, Priority Mail, Parcel Return Service and Parcel Select. 

RELATED: Who is U.S. Postal Service Postmaster General Louis DeJoy?

This week reports surfaced that the U.S. Postal Service had started removing letter collection boxes and reducing post office operating hours across several states. 

President Donald Trump noted in a recent interview on the Fox Business Network that he is withholding money from the U.S. Postal Service as it prepares to be able to process an expected surge of mail-in ballots.

RELATED: USPS warns states across US mail ballots may not arrive on time

“If we don’t make a deal, that means they don’t get the money,” Trump told host Maria Bartiromo. “That means they can’t have universal mail-in voting; they just can’t have it.”

RELATED: Obama: Trump trying to 'kneecap' postal service to win election