Stamp Prices Set to Rise
The U.S. Post Office will raise the price of a First-Class Forever Stamp by 2 cents, from 58 cents to 60 cents starting July 10th.
Get ready to pay more for Forever Stamps.
The U.S. Post Office will raise the price of a First-Class Forever Stamp by 2 cents, from 58 cents to 60 cents starting July 10th. Forever Stamps can be bought at the current first-class postage rate and they remain valid even if the price increases in the future, meaning you could load up on 58 cents stamps before the hike.
The new price, the USPS points out, is an increase of about 6.5%, lower than the Bureau of Labor Statistics annual inflation rate of 7.9% as of the end of February.
“As inflation and increased operating expenses continue, these price adjustments will help with the implementation of the Delivering for America plan, including a $40 billion investment in core Postal Service infrastructure over the next 10 years. With the new prices, the Postal Service will continue to provide the lowest letter-mail postage rates in the industrialized world and offer a great value in shipping,” USPS said in a statement.
The price of a Forever Stamp went up a little less than a year ago, from 55 to 58 cents.
Other price changes will take place as well. A single-piece letter additional ounce will go from 20 cents to 24 cents; domestic postcards will go from 40 cents to 44 cents; and international letters will go from $1.30 to $1.40. (AL.com)