Stamp price rises 4 cents
The price of a stamp is going up again.
The United States Postal Service (USPS) will implement a rate increase beginning Sunday, July 12. The new rates include a 4cent increase in the price of a First-Class Mail Forever stamp from 78 cents to 82 cents.
The proposed adjustments, approved by the governors of the Postal Service, would raise mailing services product prices approximately 4.8 percent.
The additional-ounce price for single-piece letters will remain at 29 cents.
The Postal Service is also seeking price adjustments for other First-Class Mail products, Periodicals, USPS Marketing Mail, Package Services and selected Special Services products.
Postal service officials say the USPS remains in the midst of a severe financial crisis due to rising operational costs.
Officials say the Postal Service is using all available tools, including available regulatory pricing authority, to continue to fulfill its universal service obligation and serve the American public.
The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.
Notwithstanding the adjustment, the Postal Service’s mailing prices remain among the most affordable in the world.
