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.
|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.