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It may come as no surprise to any consumer nervously noting the rising cost of essentially everything that the U.S. Postal service has jumped on the bandwagon and is once again raising the price of a first class letter.
On Sunday, in keeping with a fall decision by the Governors of the U.S. Postal Service, the price of most mail services climbed for the third time in two years to 63 cents, up from 55 cents in January of 2021.
“The United States Postal Service filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect Jan. 22, 2023. The new rates include a three-cent increase in the price of a First-Class Mail Forever stamp from 60 cents to 63 cents,” the U.S.P.S. said in an October release.
In addition to the 5% increase in the price of Forever stamps, postage for a 1-ounce metered letter will jump from 57 to 60 cents, and the price to send a domestic postcard will increase from 44 to 48 cents. A 1-ounce letter or postcard will now cost $1.45 to mail internationally.
“The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations,” the service said when announcing the price changes. “These price adjustments provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan.”
According to the Post Office, despite the increase in prices — and their plan to look at increasing the prices of other services like PO Boxes and money orders — their service continues to be “among the most affordable in the world.”
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