The U.S. Postal Service has announced that the price of a first-class mail “Forever” stamp will increase to 73 cents starting July 14, 2024. This represents a 5% increase from the current price of 68 cents, a price that was just raised in January.
The price hike is part of a broader effort by the USPS to adjust its pricing structure in response to rising operational costs and to ensure the sustainability of postal services. This increase follows a previous rate adjustment earlier in the year, highlighting the continued financial challenges faced by the Postal Service.
In addition to the increase in the cost of the “Forever” stamp, other postal rates will also see adjustments. The price for an additional ounce for single-piece letters will rise from 24 cents to 28 cents. These changes are expected to impact both individual consumers and businesses that rely heavily on mailing services.
The USPS has emphasized the necessity of these price adjustments to maintain the quality and reliability of its services amidst economic pressures. Customers are encouraged to purchase “Forever” stamps before the price increase takes effect, as these stamps will remain valid for first-class postage regardless of future rate hikes.
For more information on the upcoming price changes and other postal services, customers can visit the USPS website or contact their local post office.
