The U.S. Postal Service on Sunday will raise the price of a first-class Forever stamp from 78 cents to 82 cents, the latest in a series of increases aimed at stemming the agency’s mounting financial losses.
The USPS announced the increase in April, saying the higher price was intended to bolster its finances. Over the past five years, the agency has raised the price of a first-class stamp six times, increasing the cost 34% from 58 cents in 2021 to 78 cents before the hike set to kick in on July 12.
The USPS has struggled for years with high costs and shrinking mail volumes, culminating in a $9 billion loss in its fiscal 2025.
The Postal Regulatory Commission, the federal agency that oversees the USPS, approved the rate hike in May. However, it flagged concerns with the postal agency’s financial situation, its delivery performance and shrinking mail volumes.
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