U.S. Postal Service aims to raise stamp prices to 78 cents
Seeking Alpha News (Wed, 09-Apr 7:10 PM)
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U.S. Postal Service aims to raise stamp prices to 78 cents
Seeking Alpha News (Wed, 09-Apr 7:10 PM)
The United States Postal Service announced proposed price changes for its mailing services, set to take effect on July 13, pending approval from the Postal Regulatory Commission.
Among the most notable changes is a 5-cent increase in the price of a First-Class Mail Forever stamp, raising the cost from 73 cents to 78 cents.
The adjustments, approved by the USPS Board of Governors, represent an average price increase of approximately 7.4% across mailing services.
The agency says the new rates are essential to support its Delivering for America 10-year plan, which aims to stabilize USPS finances and modernize operations.
Product | Current Price | Planned Price |
---|---|---|
Letters (1 oz) | $0.73 | $0.78 |
Letters (metered, 1 oz) | $0.69 | $0.74 |
Domestic postcards | $0.56 | $0.62 |
International postcards | $1.65 | $1.70 |
International letters (1 oz) | $1.65 | $1.70 |
Additional ounce (letters) | $0.28 | $0.29 |
In addition to letter and postcard rates, the USPS is proposing adjustments to Special Services, including a 12% reduction in postal insurance rates — a rare cost decrease that may benefit shippers and online retailers.
The Postal Service is also submitting two rate structures for Marketing Mail and Package Services to the PRC, in anticipation of potential changes such as the elimination of Bound Printed Matter and the expansion of Marketing Mail. USPS plans to release further updates once the PRC issues its decision on the matter.
Despite rising prices, USPS officials emphasize that U.S. mailing rates remain among the lowest globally. They argue the increases are necessary to offset inflation and declining mail volumes while maintaining reliable service.
The PRC will now review the proposed changes. If approved, the new prices will go into effect nationwide on Sunday, July 13.