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Tuesday, May 3, 2016

Postal Service raises price of forever stamps

Friday, January 20, 2012

Beginning Jan. 22, it will cost a penny more to mail letters to any location in the United States. This will be the first price change for First-Class Mail stamps, also known as forever stamps, in more than two and a half years.

The new 45-cent price for forever stamps is among price changes filed with the Postal Regulatory Commission.

Pricing changes include:

* Letters (1 ounce) -- 1-cent increase to 45 cents,

* Postcards -- 3-cent increase to 32 cents,

* Letters to Canada or Mexico (1 ounce) -- 5-cent increase to 85 cents, and

* Letters to other international destinations -- 7-cent increase to $1.05.

Prices will also change for other mailing services, including Standard Mail, Periodicals, Package Services and Extra Services. The changes do not affect Express Mail and Priority Mail prices.

While actual percentage price increases for various products and services varies, the overall average price increase across all mailing services is capped by law at 2.1 percent, the rate of inflation calculated based on the Consumer Price Index.

For business mailers, the second ounce for presorted letters will be free.

Another new option, available to all customers, is a 3-month pricing option to rent PO Boxes.

The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.

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