USPS raising stamp prices: Last chance to lock in Forever stamp rate ahead of increase
Richard Wei places stamps on collectible envelopes during the Betty Ford Commemorative Forever Stamp first day of issue dedication ceremony at the Helene Galen Auditorium at Eisenhower Health in Rancho Mirage, Calif., April 5, 2024.
Stamp prices will rise in a fortnight as the United States Postal Service is set to increase prices across its services.
The price of first-class Forever stamps will increase from 68 cents to 73 cents on July 14, an over 7% increase. Prices for all services will rise over 7.5%.
The price hikes are part of the USPS 10-year "Delivering for America" plan intended to stabilize the Postal Service financially. Forever stamps were 55 cents when the plan was introduced in 2021.
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First class mail accounted for over 30% of postal revenue in 2023 and the plan is expected to generate $44 billion in additional revenue by 2031.
USPS changes prices on more than stamps
The additional-ounce price for single-piece letters will rise to 28 cents from 24 cents.
Post office box rental fees will not change and the cost of postal insurance would decrease by 10%.
The price of international postcards and international 1-ounce letters will increase by 10 cents each, from $1.55 to $1.65.
This article originally appeared on USA TODAY: USPS raising stamp prices: Last chance to lock in Forever stamp rate ahead of increase