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First-class stamps to cost 49 cents as of Jan. 26

By Bradley Klapper

Associated Press

LAST UPDATED: 11:26 a.m. HST, Dec 24, 2013

WASHINGTON » Mailing a letter is about to get a little more expensive.

Postal regulators today approved a price hike of 3 cents for a first-class stamp, bringing the charge to 49 cents a letter.

The independent Postal Regulatory Commission said the change was justified by severe mail volume decreases since 2008.

The new price is effective Jan. 26 and will last no more than two years, allowing the Postal Service to recoup $2.8 billion in losses.

Regulators rejected a request to make the price hike permanent.

Bulk mail, periodicals and package service rates rise 6 percent.

The mail industry opposes the price increases. It says charities using mass mailings and bookstores competing with Amazon will suffer.

The Postal Service says it lost $5 billion in the last fiscal year.

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niimi wrote:
Very cheap. They should raise it to 60 cents and break even.
on December 24,2013 | 10:48AM
Bdpapa wrote:
Yup, charge what it cost!
on December 24,2013 | 10:56AM
mcc wrote:
Get rid of Saturday delivery
on December 24,2013 | 10:56AM
MolokaiChuck wrote:
Sure.....it will only last 2 years....then 55 cents probably
on December 24,2013 | 11:07AM
kiragirl wrote:
Employee's wages should be lowered since they're overpaid and eliminate Saturday delivery. Fed Ex and UPS are salivating because their business will increase.
on December 24,2013 | 03:49PM
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