USPS announces 32% increase in stamp price to 66 cents.
The US Postal Service is increasing the price of its first-class stamp to 66 cents, a 4.8% increase from its current price of 63 cents, effective from July 9. This is the fifth increase since early 2019, and the cost of a first-class stamp has risen nearly one-third since then. The Postal Service said the price hike is needed to offset higher operating expenses and the effects of a previously defective pricing model. Other postage fees will also rise in July, and together, the various price hikes represent a boost of 5.4%.
