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. (AP Photo/Kathy Willens) ASSOCIATED PRESSASSOCIATED PRESS 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.
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Local News
July 8, 2022 / 10:59 AM / CBS Boston
WASHINGTON - Starting this weekend it'll cost more to send a letter or postcard.
On Sunday, July 10 prices changes will go into effect for the United States Postal Service. A First-Class Mail Forever stamp will go up 2 cents to 60 cents. Postcard stamps will jump from 40 cents to 44 cents.
Forever stamps were 41 cents when they were first introduced in 2007. The Postal Service blames "inflation and increased operating expenses" for the increase.
A table of all the price increases is below.
CBSBoston.com Staff
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The U.S. Postal Service blames inflation and increased operating expenses as the reason for a list of price hikes.
INDIANAPOLIS — It's about to cost a little bit more to mail a letter in the United States.
Starting Sunday, the price of a first-class mail "Forever" stamp will cost 60 cents. That's a two-cent increase over the current price of 58 cents.
The prices for domestic postcards and sending an international letter are also going up. The price of postage for a postcard is increasing from 40 to 44 cents, while mailing a one-ounce letter internationally will now cost $1.40, a 10-cent increase from the current cost.
(NOTE: The video in the player above is from a January 2022 report on a shortage of workers at the U.S. Postal Service.)
Other price increases taking effect July 10 include the cost of Certified Mail, renting a Post Office Box, fees associated with purchasing a money order and the cost to purchase insurance when mailing an item.
The U.S. Postal Service blames inflation and increased operating expenses as the reason for the price hike.
In May, Postmaster General Louis DeJoy said Americans should get used to "uncomfortable" price hikes in the coming years as the USPS works to become self-sufficient.
“I believe we have been severely damaged by at least 10 years of a defective pricing model which cannot be satisfied by one or two annual price increases, especially in this inflationary environment,” he said at a Board of Governors meeting.
At that meeting, the postal service reported a loss of about $1.7 billion for the latest quarter.
(The Associated Press contributed to this story.)