Stamp Prices Are Going Up for the Third Time in a Year
The price of stamps is tipped to go up yet again. The US Postal Service said this week that it’s filed notice to increase the cost of a first-class stamp for the third time in a year, this time from 63 cents to 66 cents.
The Post Office previously raised stamp prices from 60 to 63 cents in late January and, prior to that, from 58 to 60 cents in July 2022.
The latest increase, which has already been approved by the agency’s Board of Governors, is intended to offset rising inflation, the USPS said in a statement. If approved, it would go into effect on July 9, 2023.