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1-cent increase to stamp price gets regulatory OK

By Hope Yen

Associated Press

POSTED:
LAST UPDATED: 02:20 p.m. HST, Nov 16, 2012


WASHINGTON » The cost of mailing a first-class letter will go up by a penny in January.

The Postal Regulatory Commission today approved the proposed rate increase, which raises the price of a first-class domestic stamp to 46 cents.

The price of a postcard will increase from 32 cents to 33 cents, while a new global "forever" stamp will allow customers to mail letters anywhere in the world for one set price of $1.10. Currently, the prices for international letters vary.

The prices go into effect Jan. 27.

The U.S. Postal Service, which posted a record annual loss of $15.9 billion, proposed the rate increase last month.

The rate increase is tied to the rate of overall inflation. It will make only a small dent in the mail agency's financial losses.







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allie wrote:
yikes!
on November 16,2012 | 01:58PM
HD36 wrote:
The Post Office Labor Rates, like most of the government, are way overpriced. Thus, they had to sell forever stamps as a way to pay today's bills.
on November 16,2012 | 02:28PM
honopic wrote:
Back in the day, a penny was a 33% increase in postage. Yeah -- I know. But it was fun to say.
on November 16,2012 | 03:30PM
rayhawaii wrote:
I think I used 2 stamps this whole year. E-mail and free phone calls. Maybe the postal service should charge 1cent per e-mail. Make millions in a day I bet but of course they can't do that. Even Christmas cards are electronic these days.
on November 16,2012 | 05:36PM
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