Stamps: Stamp Prices | Postal Service Says Stamp Prices Are Going Up

(Courtesy of U.S. Postal Service (USPS)) Stamp prices are going up by 1 cent starting in January, the U.S. Postal Service mentioned Tuesday.

The cost of a first-class stamp - moreover well known as a Forever Stamp - will ascend to 45 cents on Jan. 22, the initial cost enlarge in more than 2 ^{1 / ₂years, USPS said. The cost of sending magazines, typical letter and a few package services will moreover rise, but prices for Express Mail and Priority Mail will stay the same.}

The cost enlarge is approaching to produce an extra $888 million in revenue, postal officials mentioned Tuesday.

The cost burst "is tiny and is indispensable to help residence the stream financial crisis," Postmaster General Patrick R. Donahoe mentioned in a statement, adding that whilst USPS continues to "aggressively cut costs" it needs Congress to pass postal remodel legislation that he mentioned would make it simpler to save money.

Starting Jan. 22, USPS mentioned rates will enlarge as follows:

- First-class letters (1 oz.): 1-cent enlarge to 45 cents.

- Letters weighing extra ounces: Unchanged at 20 cents.

- Postcards: A 3-cent enlarge to 32 cents.

- Letters to Canada or Mexico (1 oz.): A 5-cent enlarge to 85 cent! s.

- Letters to other general destinations: A 7-cent enlarge to $1.05.

The Postal Service is believed to have mislaid about $10 billion in the mercantile year that finished final month. It is pulling Congress to order a array of reforms that would agree to USPS to finish Saturday letter deliveries, shut post offices and letter estimate services and elevate postage rates over the rate of inflation.

The cost increases voiced Tuesday, and rigourously filed with the Postal Regulatory Commission , are capped by law at 2.1 percent, the rate of acceleration formed on the Consumer Price Index.

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