USPS increases price for stamps

WASHINGTON — The United States Postal Service filed a notice Wednesday, April 6, of price changes of the First-Class Mail Forever stamp set to take effect July 10, 2022.

The price of the stamp will go from 58 cents to 60 cents.

With inflation and increased operating expenses continuing to rise, the price adjustments will help with the implementation of the Delivering for America Plan, which includes a $40 billion investment in core Postal Service infrastructure over the next 10 years.

The proposed prices that were approved by the Governors of the U.S. Postal Service would raise First-Class Mail prices approximately 6.5%, which is lower than the Bureau of Labor Statistics annual inflation rate of 7.9% as of the end of February.

If the Postal Regulatory Commission gives a favorable review, the single-piece letter additional ounce price would increase to 24 cents, the metered mail 1-ounce price would increase to 57 cents and the price of a postcard stamp would increase to 44 cents. On top of that, a one-ounce letter mailed to other countries would increase to $1.40.

USPS will continue to provide the lowest letter-mail postage rates in the industrialized world and offer a great value in shipping with the new prices

The USPS is also seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, Money Order fees and the cost to purchase insurance when mailing an item.

Categories: National News