The U.S. Postal Service intends to implement a price hike for mailing letters this summer, pending approval from federal regulators. This change, announced on April 9, would take effect on July 12 and includes an approximate 4.8 percent increase across various mailing services.
If approved, the cost of a First-Class Forever stamp would increase from 78 cents to 82 cents. Additionally, the price for a metered one-ounce letter would rise from 74 cents to 78 cents, while domestic postcards would see an increase from 61 cents to 65 cents. For international mail, both postcards and one-ounce letters would go up from $1.70 to $1.75.
The charge for each additional ounce on a single-piece letter would stay at 29 cents.
The Postal Service indicated that these adjustments are necessary to tackle a significant financial crisis and rising operational expenses. It noted that it typically does not receive tax funding for operations, relying instead on revenue from postage, products, and services.
