On October 30, 2019 the USCIS announced a proposed rule to increase the premium processing fee. The premium processing fee will be raised from $1,410 to $1,440. The fee increase will go into effect on December 2, 2019.
Premium processing is an optional service currently authorized for certain types of cases, notably filing an H-1B or an I-140. The system allows petitioners to request 15 day processing of these cases if they pay an extra fee. The premium processing fee is paid in addition to the base filing fee and any other applicable fees.
The USCIS is almost entirely funded by the fees paid by applicants and petitioners for immigration benefits. The USCIS indicates this increase of the premium processing fee reflects the full amount of inflation from the implementation of the premium processing fee in June 2001 through August 2019 based on the Consumer Price Index for all Urban Consumers (CPI-U).