U.S. Postal Service to Raise Forever Stamp Prices by 5% This Summer
The U.S. Postal Service has announced plans to increase the price of First-Class Mail Forever stamps by approximately 5%, raising the cost from 78 cents to 82 cents effective July 12. This adjustment is part of a broader strategy to address rising operational costs and fulfill a mandate for the agency to become self-financing. In addition to the primary stamp hike, prices for domestic postcards will rise by 6.6% to 65 cents, while international postcard rates will increase by 2.9% to $1.75. These changes are pending regulatory approval and reflect the financial pressures currently facing the federal agency as it navigates a significant fiscal crisis.
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U.S. Postal Service to Raise Forever Stamp Prices by 5% This Summer
The U.S. Postal Service has announced plans to increase the price of First-Class Mail Forever stamps by approximately 5%, raising the cost from 78 cents to 82 cents effective July 12. This adjustment is part of a broader strategy to address rising operational costs and fulfill a mandate for the agency to become self-financing. In addition to the primary stamp hike, prices for domestic postcards will rise by 6.6% to 65 cents, while international postcard rates will increase by 2.9% to $1.75. These changes are pending regulatory approval and reflect the financial pressures currently facing the federal agency as it navigates a significant fiscal crisis.
WSJ.com: US Business