Sending a letter is about to get pricier: The US Postal Service plans to raise the cost of first-class stamps in 2023.
Pending approval from the Postal Regulatory Commission, the price of stamps will increase from 60 cents to 63 cents on Jan. 22. Prices for international mail and metered letters are also going up.
Even with the new rates, the “prices of the U.S. Postal Service remain among the most affordable in the world,” USPS said in a statement.
Here’s what you need to know about new stamp prices, including what you can do to delay paying more for postage.
How much is the price of stamps increasing?
The price changes have already been approved by the US Postal Service board of governors. If the Postal Regulatory Commission approves them, as expected, the price of first-class mail will go up 4.2%, according to the USPS.
First-class stamps will increase from 60 cents to 63 cents, while international letters and postcards will jump from $1.40 to $1.45.