Postal Service to raise price of Forever first-class stamps from 66 cents to 68 cents in January

The new year will be here soon, as will an increase in some stamp prices at the United States Postal Service. The United States Postal Service successfully filed notice with the Postal Regulatory Commission (PRC) that it needed to increase prices effective Jan. 21, 2024. The new rates include a 2-cent increase in the price of a First-Class Mail Forever stamp, from 66 cents to 68 cents.

There will be no change to the additional-ounce price, which remains at 24 cents.

Package shipping costs will also increase by nearly six percent, with Priority Mail Express costs going up by 5.9 percent, Priority Mail increasing 5.7 percent, and Ground Advantage increasing 5.4 percent.

The price increases the fifth increase in two years, are part of the Postal Service’s ten-year ‘Delivering for America’ plan to raise rates and recover from plunging profits – a projected $160 billion loss over the next ten years.

Postmaster General Louis DeJoy told the U.S. House committee in May 2023, “the increase is absolutely necessary to put the Postal Service on the path to service excellence and financial stability.”

According to the United States Postal Service, their prices remain among the most affordable in the world.