USPS Seeks 5th Stamp Price Hike in 3 Years

The US Postal Service has requested to increase the price of a first-class stamp from 68 cents to 73 cents, just three months after the last price hike. This proposal also includes a 3-cent jump for domestic postcards, a 10-cent jump for international letters, and unspecified hikes for certified mail and money order fees. If approved, the new prices would take effect on July 14, 2024, marking the second price increase in the year. The Postal Service seeks to become self-sufficient due to a $6.5 billion net loss reported for the 12 months ending Sept. 30, with stamp prices having jumped 36% over the last four years.