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September 26, 2024 at 6:47 PM. (NEXSTAR) — A standard first-class stamp costs 73 cents today, but that price could go up five times within the next three years. The United States Postal Service ...
The USPS will bump the cost of a first-class Forever stamp to 73 cents on July 14, a 5% jump from the previous price point and 10 cents above the price at the start of 2023. The announcement about ...
The United States Postal Service announced plans to raise the price of Forever stamps and other postage for 2023. Upon approval from the Postal Regulatory Commission, USPS says the cost of first ...
Additionally, the overall increase in stamp prices from June 2018 to June 2023 (26%) was significantly lower than the average increase of 55% experienced by those same countries. A major factor driving the price hikes for first-class mail in the United States is a decline in mail volume. Since 2007, the number of mailed items has decreased by 68%.
On January 26, 2014, the postal service raised the price of First-class postage stamps to 49 cents. Rates for other mail, including postcards and packages, also increased. [52] Starting in 2005, the USPS offered customers the ability to design and purchase custom stamps, which were offered through third-party providers, like Stamps.com and Zazzle.
Stamp prices alone have soared 36% since 2019 when they used to cost 50 cents. The Postal Service last raised First-Class stamp prices by two cents in January, just a few months after it raised ...
Forever stamps are sold at the First-Class Mail postage rate at the time of purchase, but will always be valid for First-Class Mail, up to 1 ounce (28 g), no matter how rates rise in the future. [197] Britain has had a similar stamp since 1989. The cost of mailing a 1 oz (28 g) First-Class letter increased to 68 cents on January 21, 2024. [81]
In 2023 alone, the postal service reported a $6.5 billion deficit. For 2024, they project an additional $6.3 billion in losses. The most recent hike marks the fifth price increase in the past two ...