It looks like the price of stamps is going to increase yet again in July.
The U.S. Postal Service filed a notice to increase the price for First-Class Forever Stamps.
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The big picture: If the increase gets approved by the Postal Regulatory Commission, stamps would increase from $0.68 to $0.73, an increase of nearly eight percent.
- Stamp prices have already increased by 36% since 2019 when they were priced at 50 cents.
- The USPS stated that these price adjustments are necessary to achieve the financial stability outlined in the agency’s 10-year plan announced by Postmaster General Louis DeJoy in 2021.
- Other changes include domestic postcard prices rising from 53 cents to 56 cents, and international postcard prices increasing from $1.55 to $1.65.
- The Postal Regulatory Commission has the authority to decline USPS requests for price hikes, but it is rare for them to do so.
