US Postal Service Raises Price on First-Class Forever Stamps…Starting July 10, 2022

07/10/2022 Headline News
US Postal Service Raises Price on First-Class Forever Stamps...Starting July 10, 2022
US Postal Service Raises Price on First-Class Forever Stamps...Starting July 10, 2022

Beginning Sunday, postage prices at your local post office will be somewhat higher. One of the price hikes is a two cent rise for First-Class Mail Forever stamps.

The USPS announced the price rise in April, citing inflation and higher operational costs as the reasons.

USPS announced a 6.5 percent increase in first-class mail pricing, which is lower than current inflation rates. This comes less than a year after the Postal Service hiked the price of Forever stamps from 55 cents to 58 cents.

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And prices are expected to rise more. Postmaster General Louis DeJoy stated that prices will climb “at an uncomfortable rate” until the agency is self-sufficient.

“While our pricing decisions are ultimately made under the authority of the Board of Governors, in the near term, I will most likely be advocating for these increases,” DeJoy said during a USPS Board of Governors meeting in May. “I believe we have been severely damaged by at least 10 years of a defective pricing model, which cannot be satisfied by one or two annual price increases, especially in this inflationary environment.”

via

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