The U.S. Postal Service has announced a proposal to increase mailing rates this summer, which would take effect on July 12 if approved by federal regulators. This increase is part of a broader 4.8 percent rise across its mailing services.
Under the proposed changes, the cost of a First-Class Forever stamp would increase from 78 cents to 82 cents. Additionally, the price for a metered one-ounce letter would rise from 74 cents to 78 cents, while domestic postcards would see an increase from 61 cents to 65 cents. For international mail, postcards and one-ounce letters would go from $1.70 to $1.75.
The additional ounce charge for single-piece letters would remain at 29 cents.
The Postal Service indicated that these increases are necessary to address a significant financial crisis and the rising costs of operations. The agency typically does not receive tax funding for its expenses and relies on the sale of postage and related products to sustain its operations.
Before these new rates can take effect, they must be reviewed by the Postal Regulatory Commission, which oversees Postal Service pricing.
