Wednesday, October 19, 2011
U.S. Postal Service To Raise Stamp Prices By 1 Cent
The new prices lift the cost of a first-class stamp to 45 cents starting on January 22, 2012, the first increase in more than two years.
The Postal Service said the cost to mail a postcard will go up three cents to 32 cents, letters to Canada or Mexico will increase five cents to 85 cents, and letters to other international locations will increase seven cents to $1.05.
The agency, which is allowed to raise prices in line with the rate of inflation, said it filed the new prices with the Postal Regulatory Commission on Tuesday. The regulator has 45 days to approve the changes.
Until the price changes take effect, consumers can still purchase 44-cent Forever stamps, which do not require additional postage after prices go up.