Current:Home > ScamsUSPS is looking to increase the price of stamps yet again. How much can you expect to pay?-LoTradeCoin
USPS is looking to increase the price of stamps yet again. How much can you expect to pay?
View Date:2024-12-24 00:00:39
The U.S. Postal Service is seeking to increase the price of stamps this summer, asking that the price for first class stamps jump from 68 cents to 73 cents.
The request for the 5 cent first class stamp increase was made to the Postal Regulatory Commission on Tuesday, which must approve the proposed increase. If it is approved, this would go into effect July 14 and would increase stamp prices by 7.8%.
The price increase would apply to forever stamps, postcards, metered letters and international mail. In a release, the Postal Service noted there would be no price increase for post office box rentals, and there would be a 10% price reduction for postal insurance when mailing an item.
USPS:It may not be safe to mail checks anymore. U.S. Postal Service shares tips to fight rise in crime.
Pending stamp price hike will 'help with financial stability', USPS says
The USPS said it is also seeking price adjustments for products including Certified Mail and money order fees.
The price adjustments are to help with financial stability "as changes in the mailing and shipping marketplace continue," the USPS said in a release.
Stamp prices last increased in January of this year, the third hike in 12 months that pushed up first class stamps to the current 68 cents. Prior to January, stamp prices had increased in July 2023, January 2023 and July 2022.
veryGood! (6379)
Related
- Reese Witherspoon's Daughter Ava Phillippe Introduces Adorable New Family Member
- US stocks drop, oil climbs over Iran strike amid escalating Mideast tensions
- Savannah Chrisley Says Mom Julie’s Resentencing Case Serves as “Retaliation”
- 'Electrifying:' Prince dancer, choreographer Cat Glover dead at 62
- Ready-to-eat meat, poultry recalled over listeria risk: See list of affected products
- Sean “Diddy” Combs Accused of Abusing Minors Amid New Allegations
- Texas prison system’s staffing crisis and outdated technology endanger guards and inmates
- Washington airman receives award after carrying injured 79-year-old hiker down trail
- NFL power rankings Week 11: Steelers, Eagles enjoying stealthy rises
- 'Congrats on #2': Habit shades In-N-Out with billboard after burger ranking poll
Ranking
- Mega Millions winning numbers for November 8 drawing: Jackpot rises to $361 million
- Millie Bobby Brown and Jake Bongiovi Share Behind-the-Scenes Look at Italian Wedding Ceremony
- Sarah Paulson on the rigors of 'Hold Your Breath' and being Holland Taylor's Emmy date
- Woody Allen and His Wife Soon-Yi Previn Make Rare Public Appearance Together in NYC
- McDonald's Version: New Bestie Bundle meals celebrate Swiftie friendship bracelets
- Arizona man admitted to decapitating his mother before her surprise party, police say
- Firefighters battle blaze at Wisconsin railroad tie recycling facility
- First and 10: Inevitable marriage between Lane Kiffin and Florida now has momentum
Recommendation
-
'Wanted' posters plastered around University of Rochester target Jewish faculty members
-
US stocks drop, oil climbs over Iran strike amid escalating Mideast tensions
-
Why NCIS Alum Pauley Perrette Doesn't Want to Return to Acting
-
Bankruptcy judge issues new ruling in case of Colorado football player Shilo Sanders
-
What Republicans are saying about Matt Gaetz’s nomination for attorney general
-
US stocks drop, oil climbs over Iran strike amid escalating Mideast tensions
-
Why Love Is Blind’s Nick Dorka Regrets Comparing Himself to Henry Cavill in Pods With Hannah Jiles
-
Superman’s David Corenswet Details His Weight Gain Transformation for Role