The associated fee of a regular postage stamp will increase from 68 cents to 73 cents when a recent pricing scale goes into effect next week.
This can be the sixth time the U.S. Postal Service has raised stamp prices within the last three years. The brand new cost of mailing a letter can be 33% higher in comparison with July 2021, when the value of a regular “Ceaselessly” stamp was 55 cents.
The USPS has been updating its prices on a twice-per-year schedule because it tries to grow revenue. The 5-cent increase is scheduled for Sunday, July 14, which suggests Saturday, July 13, is the last day to purchase stamps for 68 cents. Yet one more stamp price hike will likely are available in January.
The agency says these frequent price increases are crucial, citing inflation lately and “the consequences of a previously defective pricing model.”
For greater than 15 years, the USPS has been losing money despite the fact that it’s speculated to sustain itself financially without taxpayer funds.
Stamp price hike: Latest USPS rates for sending mail
In an address last month on the National Postal Forum, Postmaster General Louis DeJoy said it’s his priority to “fix the broken business model.”
Despite recent price increases, the agency reported a lack of $1.5 billion for essentially the most recent three-month period (January to March) and a $2.1 billion loss the quarter before. Higher stamp prices are a part of the plan to deal with the USPS’s issues.
“As changes within the mailing and shipping marketplace proceed, these price adjustments are needed to realize the financial stability sought by the organization’s Delivering for America 10-year plan,” officials said in April, announcing the stamp price increase. “USPS prices remain amongst essentially the most reasonably priced on this planet.”
Ceaselessly stamps could be used for sending all regular-letter mail weighing lower than 1 ounce, and so they remain valid indefinitely. Meaning you might top off on stamps before the value increase and avoid wasting money.
Alongside the stamp price change, the USPS can also be adjusting prices for a lot of other mailing services on July 14. Here’s what to anticipate:
- The worth of a Ceaselessly stamp will increase from 68 cents to 73 cents.
- The worth of a domestic postcard will increase from 53 cents to 56 cents.
- The worth of mailing a world letter will increase from $1.55 to $1.65.
- Metered mail postage will rise from 64 cents to 69 cents.
Overall, the value increases for mailing services will average about 7.8%.
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