USPS: In the year 2024, there will be an increase in the cost of stamps. According to USPS announcements, a First-Class Mail Forever stamp will become 68 cents on January 21.
Letters that weigh one ounce or less are eligible for use with single stamps. There will be no change to the price of 24 cents for each additional ounce received.
“Inflationary pressures continue on operating expenses and the effects of a previously defective pricing model remain felt, so the Postal Service needs this price adjustment to provide much-needed revenue to implement its 10-year Delivering for America plan and achieve the financial stability it desires.”
New Policy For Change of Address Offers From The United States Postal Service: “I should not have had any idea.”
The governors of the Postal Service agreed to the revisions, which would result in 2% higher prices for postal products.
Postcards are costing more to mail, whether inside or outside the country. The price of sending letters to international destinations has increased from $1.50 to $1.55.
On Sunday, the United States Postal Service will increase the price of stamps.
Package delivery prices are also expected to increase by approximately 6%, according to ABC News.
Since July, this will be the second time that the price of stamps has increased. In July, the United States Postal Service increased the price of stamps from 63 cents to 66 cents.
The United States Postal Service (USPS) reported a net loss of $6.5 billion for the fiscal year 2023 in November, even though it had earlier planned to achieve a breakeven point.
The Forever stamps can still be used following the price increase, which is where the name comes from.
Its prices are among the most affordable anywhere, according to the United States Postal Service.
