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Temporary Price Hike For Stamps

Forever Stamp
Forever Stamp

Not everything can be emailed, and for those of you who still use the US Postal Service, it’s about to cost you more.

Regulators have approved a temporary price hike of 3 cents for a first-class stamp.

Temporary means, no more than two years.

The price will now be 49 cents for a first class stamp.

If you have already purchased Forever Stamps, those won’t be affected.

Bulk mail, periodicals and package service rates will rise 6 percent.

The new rate is effective Jan. 26.

The higher rate is to allow the Postal Service to recoup $2.8 billion in losses over the economic downturn.