WASHINGTON, DC – The United States Postal Service increased the price effect of a First-Class Mail Forever stamp from 60 cents to 63 cents, effective Sunday, January 22.
The U.S. Postal Service said the First-Class Mail prices hike of 4.2% was needed to offset the rise in inflation.
As operating expenses continue to rise, these price adjustments provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan. The prices of the U.S. Postal Service remain among the most affordable in the world, said the agency.
The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.