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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 ...
In July 2022, the price of a Forever stamp was raised to 60 cents, and on Jan. 22, 2023, it was raised to 63 cents. As the U.S. Postal Service continues to find its way out of a $1 billion debt ...
The Postal Service last raised First-Class stamp prices by two cents in January, just a few months after it raised prices three cents in July 2023. In a statement, the USPS said that the “price ...
During the summer of 2010, the USPS requested the Postal Regulatory Commission to raise the price of a first-class stamp by 2 cents, from 44 cents to 46 cents, to take effect January 2, 2011. On September 30, 2010, the PRC formally denied the request, but the USPS filed an appeal with the Federal Court of Appeals in Washington DC .
The 5-cent stamp paid for a letter weighing less than 1/2 ounce and traveling up to 300 miles, the 10-cent stamp for deliveries to locations greater than 300 miles, or, twice the weight deliverable for the 5-cent stamp. Each stamp was hand engraved in what is believed to be steel, and laid out in sheets of 200 stamps.
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 ...
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