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Friday, Apr. 29, 2016

Postage rates to increase in May

Friday, February 15, 2008

Those who have stocked up on Forever stamps will be glad they did.

The United States Postal Service announced the cost of a stamp will increase by a penny, up to 42 cents, starting May 12.

The announcement was one of many rate increases set, with more to come at a later date.

While the increase will also affect the cost of the Forever stamp, residents are encourage to purchase them while they are still at 41 cents.

"If they are bought now, they will still be good even with future rate increases without the need to buy penny stamps to make up the difference," Brazil Post Office Supervisor Tim Williams said.

This is the third increase in the since Jan. 8, 2006, when the price of a stamp rose from 37 to 39 cents.

Laws which regulate post offices took effect the same year allowing for an increase in rates with a 45-day notice as long as the changes are in line with the rate of inflation for the previous 12 months. The Postal Regulatory Commission calculated that rate at 2.9 percent through January, limiting the first-class rate to an increase of just over a penny.

Under the new law, postal prices will be adjusted annually each May, the Postal Service said. Officials said they plan to give 90 days notice of future changes, twice what is required by law.

The Brazil Post Office is stocking up in preparation for a rush to buy Forever stamps.

"We ordered 6,000 books of Forever stamps to have on hand for those who want to buy them up before the price rises," Williams said. "We have even had someone call us asking to order 600 books of stamps alone."

The price of each additional ounce of a first-class letter remains at 17 cents, so with the initially increase of a penny, a two-ounce letter will now cost 59 cents to mail.

For more information about postage increases or to order stamps or other postage needs, visit the USPS web site www.usps.com.

NEW POSTAGE COSTS

Postal rate increases set for May 12:

* First-class stamps, 42 cents, up one cent

* Cost to mail a post card, 27 cents, up one cent

* Large envelope, 2 ounces, $1, up 3 cents.

* Money Orders up to $500, $1.05, unchanged.

* Certified mail, $2.70, up 5 cents.

* First-class international letter to Canada or Mexico, 72 cents, up 3 cents.

* First-class international letter to other countries, 94 cents, up 4 cents.



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