Stamp Price Increase
By: Colleen | February 11, 2009 | Category: Money
Last week, Jake discussed the idea of the U.S. Postal Service cutting back its delivery services to five days a week.
While that idea is still being tossed around, the USPS has announced that as of May 11th, 2009, the price of postage stamps will increase by 2 cents. That means, it will now set you back 44 cents to send a standard letter.
Since rising costs are the norm right now, the postal service increases rates annually in May and the change is tied to the rate of inflation from the year before. The increase is estimated to cost the average household an additional $3 per year.
Other changes include:
- A postcard stamp increases one cent to 28 cents.
- The first ounce of a large envelope increases 5 cents to 88 cents.
- The first ounce of a parcel increases 5 cents to $1.22.
- International postcard and letter prices, for one ounce, are 75 cents to Canada, 79 cents to Mexico, and 98 cents elsewhere.
Before May 11th, you might want to stock up on Forever Stamps, which still sell at the 42-cent rate until the increase occurs.
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