Postage Stamp Cost To Rise This Sunday

01.24.13 |

The Postal regulatory commission approved the rate increase in November, which raises the price of a first-class domestic stamp to 46 cents, that's one cent more. 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 sunday, January 27th. You can temporarily avoid the cost if you purchase "forever" stamps before Sunday. The U.S. Postal Service, which posted a record annual loss of nearly 16-billion dollars, proposed the rate increase in October, 2012. 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.