The US Postal Service has announced an increase in the price of stamps, including a 5-cent increase to the price of a First Class Forever Stamp. This price change is part of the organization’s Delivering for America 10-year plan to achieve financial stability. The increase is due to continued changes in the mailing and shipping market. This is the most recent price hike to hit the cost of postage over the last few years, impacting various mailing and shipping services.
The price increase varies depending on the postal service being utilized. The USPS has announced price increases for at least six postal services, with more to potentially follow. Current prices for services like first-class letters and domestic postcards will see an increase in the coming months. The USPS also mentioned seeking a price change for Special Services products, such as Certified Mail and money order fees. P.O. Box rental fees will remain the same. It should be noted that no changes are being made to shipping rates at this time.
Stamps can be purchased at any post office, the USPS website, through USA Philatelic via mail, or by calling the USPS. Additionally, stamps and stamp-themed merchandise can be purchased from the USPS’ licensed collection on Amazon. The price change for stamps and other postal services is set to take effect on July 14, 2024. Individuals who wish to buy stamps or send mail at the current price will need to do so before this date to avoid the new prices implemented this summer.
The increase in stamp prices is part of a broader trend of rising costs in various sectors due to factors such as inflation. Understanding these changes and how they may impact individual budgets and expenditures is essential for financial planning. By being aware of pricing adjustments and taking advantage of savings opportunities, individuals can better manage their postage and mailing expenses. Stay informed about future updates from the USPS regarding any additional price changes or updates to postage rates.
