Postage stamps cost more starting Sunday

Postage stamps cost more starting Sunday

The United States Postal Service will increase the price of stamps on January 22. Photo: Luke Sharrett/Bloomberg via Getty Images

The price of postage stamps increases on Sunday for the third time in almost 17 months. The costs of sending a letter by certified mail and insuring the packages will also increase.

Why it matters: Inflation has pushed up the prices of just about everything, and the US Postal Service says that the first-class mail increase of about 4.2% will “make up for the increase in inflation.”

  • Beginning January 22, USPS will also increase money order fees and PO Box rental fees.
Increased shipping prices

Details: With the new rates, postage on a 1-ounce letter costs 63 cents, instead of 60 cents.

  • 1-ounce measured letters cost 60 cents, up from 57 cents.
  • Postcards shipped nationally cost 48 cents, up from 44 cents.
  • International postcards and 1-ounce letters are $1.45, an increase of 5 cents.
  • The certified mail fee, which is in addition to postage and other fees, increases from $4 to $4.15. The adult signature fee increases 45 cents from $10.35 to $10.80.
Forever stamp price increase

Retrospective scene: The Postal Service began selling Forever stamps in 2007, when they cost 41 cents.

Our thought bubble: Forever stamps help set current prices to avoid feeling the impact of rate increases.

  • Someone with the original 2007 Forever stamps is saving 22 cents on each letter sent after Sunday.
  • And if you still have 2018 Forever stamps that cost 50 cents each, you’ll save 13 cents on the old stamps.
Stamp prices in the future

Whats Next: More price increases are expected as part of Postmaster General Louis DeJoy’s Delivering for America 10-year plan “to achieve financial sustainability.”

What they are saying: “In less than a decade, Americans could be paying more than $1 to send a single letter,” Kevin Yoder, executive director of advocacy group Keep US Posted and a former congressman, told Axios.

  • “The mail industry must be prepared for the continued use of our authority to raise prices for market-dominant products at an uncomfortable rate,” DeJoy said at the May meeting of the Postal Service Board of Governors.
  • Jason Dies, executive vice president of Pitney Bowes, said costs are rising for other carriers as well, and the increases will hurt consumers if the companies don’t change their current shipping processes.
  • “Consumers will see higher shipping costs or slower delivery options with companies looking to cut costs by trying to keep shipping free,” Dies told Axios.

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