All articles tagged with #stamp prices
The U.S. Postal Service has announced that stamp prices will remain unchanged in January 2026, with the next potential increase not expected until mid-2026, marking a pause after the last hike in July 2025.
The US Postal Service is increasing stamp prices by 5 cents starting July 13, 2025, marking the 20th rate change since 2000 and the seventh since 2021, with the new rate for a 1-ounce letter rising to 78 cents. The hike is part of USPS's plan for biannual rate increases in 2026 and 2027, pending approval, and comes amid declining mail volume. Costco is offering members a chance to lock in the current 73-cent Forever stamp price until July 28, 2025.
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.
The U.S. Postal Service has proposed an 8 percent increase in postage prices, including a rise in the cost of a Forever stamp to 73 cents from 68 cents, with the changes set to take effect in July pending approval from a regulatory commission. These price hikes are part of the Postal Service's 10-year plan to address projected losses of $160 billion, attributed to factors such as the requirement to fund retiree health care benefits in advance and declining mail volume.
The U.S. Postal Service is planning a 7.8% rate increase, including raising the cost of a first-class stamp from 68 cents to 73 cents, in an effort to achieve financial stability and address what it calls a "defective pricing model." The proposed increase, if approved by the Postal Regulatory Commission, would take effect on July 14 and also includes adjustments to special services such as money order fees and certified mail, while keeping post office box rental prices unchanged and reducing postal insurance fees by 10%.
The US Postal Service reported a net loss of $6.5 billion for the 2023 fiscal year, with revenue down 0.4% to $78.2 billion. The decline in revenue was attributed to a decrease in first-class mail volume, which fell to its lowest level since 1968. The Postal Service cited the impact of inflation on operating expenses as a significant factor in the financial results. Despite higher stamp prices, first-class mail volume decreased by 6.1% in 2023. The agency is currently implementing a 10-year restructuring plan to address predicted losses and has received financial relief of about $50 billion from the government.
The United States Postal Service (USPS) is raising the price of a "forever" stamp for first-class mail from 63 to 66 cents as part of increased mailing prices approved by the Postal Regulatory Commission. The price adjustments are necessary to provide the USPS with much-needed revenue to achieve financial stability amid rising operating expenses and the effects of a defective pricing model. The cost of sending metered letters and postcards will also increase, while the USPS has raised stamp prices by 32% since 2019 to boost revenue as mail volume continues to decline.
The U.S. Postal Service is set to raise stamp prices starting this Sunday, marking an increase in the cost of sending mail.
The U.S. Postal Service will raise the price of first-class mail "Forever" stamps to 66 cents from 63 cents, citing rising operating costs fueled by inflation. The price increase will take effect on July 9. The cost to send a domestic postcard will increase to 51 cents, and a 1-ounce letter mailed to another country will jump to $1.50. These adjustments are aimed at providing the Postal Service with much-needed revenue to achieve financial stability as part of its Delivering for America 10-year plan.
The US Postal Service has filed notice to increase the cost of a first-class stamp for the third time in a year, from 63 cents to 66 cents, to offset rising inflation. The latest increase, approved by the agency's Board of Governors, will go into effect on July 9, 2023. Other services, including certified mail, money orders, and post office boxes, will also become more expensive. The Postal Service has been carrying an annual budget deficit of $10 billion and more than $188 billion in debts and unfunded liabilities, mostly from the underfunding of workers' pensions and retiree medical benefits.
The U.S. Postal Service has proposed raising the price of first-class mail stamps from 63 to 66 cents, citing rising operating expenses fueled by inflation. If approved, this will be the second price hike this year and will take effect in July. The USPS has been hit by inflation in multiple ways, including higher compensation and transportation expenses. The proposed increase is needed to provide the Postal Service with much-needed revenue to achieve financial stability.