You might want to pick up some stamps this week — if you still use them, that is. Come Sunday, stamps will be about 5.5% more expensive.
The price of a first-class stamp — the postage needed to mail a 1-ounce letter — will jump from 55 cents to 58 cents.
This price change is among those that the U.S. Postal Service requested in May. The Postal Regulatory Commission, the federal agency that oversees USPS, has since put its stamp of approval on the request.
So, you have three more days to stock up on postage at the current rates.
Other price increases that take effect on Aug. 29 include:
- Metered letters (1 ounce): 53 cents (up from 51 cents)
- Domestic postcards: 40 cents (up from 36 cents)
- International letters (1 ounce): $1.30 (up from $1.20)
- Large envelopes, aka “flats”: $1.16 (up from $1)
Not all prices are rising, however. Some will remain the same. These include the additional cost to mail letters weighing more than one ounce, which remains 20 cents per additional ounce.
A list of all prices that will be in effect as of Aug. 29 is available on the Postal Service’s Postal Explorer website.
The increases that take effect Sunday are part of a 10-year plan to “achieve financial sustainability and service excellence,” the Postal Service said in May.
The first-class mail price hikes specifically are intended to offset declining revenue due to a lower volume of such mail.
The May announcement continued:
“In the past 10 years, mail volume has declined by 46 billion pieces, or 28 percent, and is continuing to decline. Over the same period, First-Class Mail volume has dropped 32 percent, and single piece First-Class Mail volume — including letters bearing postage stamps — has declined 47 percent.”
First-class mail includes standard-size mail and large envelopes.
The Postal Service relies on sales of postage and other products and services to fund its operations. It generally does not receive tax dollars for operating expenses.
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