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.
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