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The This was announced by the US Postal Service last month that it would raise prices on several postal services starting in July. Among the changes is a 5-cent increase in the price of the First Class Forever Stamp.
According to the USPS announcement, these price increases are due to ongoing changes in the mail and delivery market and “these price adjustments are necessary to achieve the financial stability sought by the organization Shipping to America 10-year plan’.
This is the latest of several price hikes that have increased the cost of postage over the past few years. Read on to find out how this will affect your posting and sending habits.
For more, here what to know about shrinkage and how to return your packages to amazon.
How much are the prices of brands rising?
The price increase depends on which postal service you are looking for. The USPS has announced price increases for at least six postal services, with more to be announced. So far the new prices are:
US Postal Service Price Changes
| Product | Current prices | Planned prices |
|---|---|---|
| Letters (1 oz) | 68 cents | 73 cents |
| Letters (measured 1 ounce) | 64 cents | 69 cents |
| Domestic postcards | 53 cents | 56 cents |
| International postcards | $1.55 | $1.65 |
| International Letters (1 oz) | $1.55 | $1.65 |
| One part letters | 24 cents | 28 cents |
The USPS has indicated that it wants price changes for “special service products, including certified mail and money order fees,” though it did not specify what those price changes would be. Mailbox rental fees will remain the same.
The April 9 press release indicated that no changes are being made to shipping rates, but we’ll update this story if the USPS releases more rate changes.
Where can I buy stamps?
You can buy stamps at any post office USPS websiteby mail via USA Philatelic or by calling USPS at 844-737-7826.
You can also buy brands and branded merchandise (yes, merchandise) from USPS Licensed Collection on Amazon.
When will this change take effect?
If you want to get stamps or send mail at the current price, you’ll need to do so before July 14, 2024. So you have just under two months to fulfill your postal needs before prices increase this summer.
For more, here’s what you need to know about the recent spike in inflation and how to increase your savings in 2024.
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