"USPS Plans July Increase: 1st Class Stamp Prices to Reach 73 Cents"

The US Postal Service has filed a notice to increase the price of First-Class "Forever" stamps to 73 cents from 68 cents, marking an almost 8% hike in mailing services products' cost, set to take effect in July. This comes as part of the agency's efforts to achieve financial stability outlined in its 10-year plan. The increase follows previous hikes, with stamp prices having soared 36% since 2019. The Postal Regulatory Commission will need to approve the change, and other adjustments include raising domestic and international postcard prices. The decline in First-Class mail due to online communication has impacted the Postal Service's business, with the agency expecting a $6.3 billion loss in 2024.