From News Nation:
“USPS
increases stamp prices”
Stock up on
Forever stamps now, or forever hold your peace. The United States Postal
Service’s plan to raise stamp prices is taking effect on July 10. The price of
a Forever stamp will rise from 58 cents to 60 cents. A Forever stamp, as its
name suggests, can be used to mail a letter regardless of when it was
purchased. That means if you bought a book of Forever stamps 10 years ago, when
the price was 45 cents each, you can still use them to mail letters now, even
though prices have climbed.
Forever stamps
aren’t the only thing getting a little pricier. The following USPS price hikes
are also set to kick in on July 10:
USPS
Product Current
cost Cost after July 10
Letters (1
oz.) 58
cents 60 cents
Letters
(metered 1 oz.) 53
cents 57 cents
Letters
(additional ounces) 20
cents 24 cents
Domestic
postcards 40
cents 44 cents
International
letters (1 oz.) $1.30 $1.40
The price
hike, which raises the cost of First-Class Mail by 6.5%, is still lower than
high inflation rates, the Postal Service said. The cost of all goods is up 8.6%
over the past year, according to the Bureau of Labor Statistics. The price of
Forever stamps increased less than a year ago, from 55 to 58 cents, and it
could go up even further soon. Americans should get used to “uncomfortable”
postage rate increases in coming years as the U.S. Postal Service seeks to
become self-sufficient, Postmaster General Louis DeJoy said in May. “I believe
we have been severely damaged by at least 10 years of a defective pricing model
which cannot be satisfied by one or two annual price increases, especially in
this inflationary environment,” he added.
^ It seems the
price of Forever Stamps will forever be rising. ^
https://www.newsnationnow.com/business/your-money/usps-increases-stamp-prices/
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