You might want to pick up some stamps this week. Come Sunday, they will be 10 percent more expensive.
The price of a first-class stamp — the postage needed to mail a 1-ounce letter — will jump from 50 cents to 55 cents.
This price change is among those that the U.S. Postal Service requested in October. The Postal Regulatory Commission has since approved the increase, and the new prices take effect on Sunday, a Postal Service representative confirmed to Money Talks News this week.
So, you have three more days to stock up on postage at the current rates.
Not all prices are rising, however. Some will remain the same. These include the cost to mail a postcard (still 35 cents) and the cost to mail a 1-ounce letter internationally (still $1.15).
Also, the price of an additional ounce — meaning the additional postage needed to mail a 2-ounce letter — is decreasing from 21 cents to 15 cents. So, the total cost to mail a 2-ounce piece of mail, such as a typical wedding invitation, will actually fall from 71 cents to 70 cents.
The flat-rate retail prices for domestic Priority Mail that are rising include:
- Small box: $7.90 (up from $7.20)
- Medium box: $14.35 (up from $13.65)
- Large box: $19.95 (up from $18.90)
- Regular envelope: $7.35 (up from $6.70)
- Padded envelope: $8 (up from $7.25)
A list of all increases is available on the Postal Service’s Postal Explorer website.
The Postal Service’s prices are based on the Consumer Price Index, a measure of inflation maintained by the federal government, as well as market conditions.
The new prices that take effect Sunday are meant to “keep the Postal Service competitive while providing the agency with needed revenue,” the Postal Service said in October.
The announcement continued:
“The Postal Service has some of the lowest letter mail postage rates in the industrialized world and also continues to offer a great value in shipping. Unlike some other shippers, the Postal Service does not add surcharges for fuel, residential delivery, or regular Saturday or holiday season delivery.”
The Postal Service does not receive tax dollars. It relies on the sale of postage, products and services to cover operating expenses.
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