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1-cent increase to stamp price gets regulatory OK

WASHINGTON (AP) — The cost of mailing a first-class letter will go up by a penny in January.

The Postal Regulatory Commission on Friday 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.

Comments

kevin 2 years ago

This regulatory dept should be abolished. This isn't helping the P.O. make a profit. They should reduce rates, not increase them. Same with our taxes. Liberals can't figure this out. They keep doing the same thing over and over, thinking the result will change for the better. What is the effect with this price increase? Bet they don't even know that much! What a bunch of morons in our Federal government. So what is the P.O. doing to eliminate that loss? Getting free money form the general fund (us)?

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