Stamps are getting more expensive. Here’s why, and how much you’ll be paying come July
The price of stamps will likely spike again this year, according to the U.S. Postal Service.
USPS announced it’s proposed several price increases for letters and postcards ranging from 2 to 10 cents, according to a statement by the postal service. The price increases are planned to take effect on July 10.
“With the new prices, the Postal Service will continue to provide the lowest letter-mail postage rates in the industrialized world and offer a great value in shipping,” USPS said in a statement.
As inflation continues and postal operations get more expensive, the postal service said its proposed prices will help support the Delivering America plan, which is a $40 billion, decade-long investment into the postal service infrastructure, according to the release.
The hikes will include a 2-cent increase for First-Class Mail Forever stamps, from 58 cents to 60 cents.
Proposed changes include the following:
- Letters (1 oz.): 60 cents (currently 58 cents)
- Letters (metered 1 oz.): 57 cents (currently 53 cents)
- Letters additional ounce(s): 24 cents (currently 20 cents)
- Domestic postcards: 44 cents (currently 40 cents)
- International letters (1 oz.): $1.40 (currently $1.30)
The prices of special service products including certified mail, post office box rental fees, money order fees and insurance for mail may also be increased if the proposal is approved by the Postal Regulatory Commission, according to the statement.
USPS last adjusted prices of letters and other items in August 2021, according to stamps.com.
This story was originally published April 8, 2022 at 3:04 PM with the headline "Stamps are getting more expensive. Here’s why, and how much you’ll be paying come July."
