![]() ![]() So if you've got a letter weighing in at close to 2 ounces and you add a second forever stamp worth 60 cents, you’ll be paying $1.20, not the required 84 cents. Postage for an additional ounce costs 24 cents. You might use two or more forever stamps on letters that are weightier or are going to international destinations, but that may not be the best strategy. Your forever stamp will be worth the domestic first-class-mail letter price the day you use it. The stamps are always sold at the same price as regular first-class postage.īut if you’re sending an oversized letter or mailing something internationally, you can use a forever stamp, but you’ll need to attach additional postage. Within the U.S., you need only a single forever stamp to send a regular-sized letter. Postal officials say they believe these new rates will help keep the Postal Service competitive while providing some needed revenue. To give a couple of examples: The cost of using a Priority Mail medium flat-rate box climbed to $16.10 from $15.50, and the rate for a small flat-rate box went up to $9.45 from $8.45. Meanwhile, 2022 brought an average 3.1% increase in rates for Priority Mail services. Officials noted around the time of last year's increase that the Postal Service is losing billions of dollars because of a 28% drop in mail volume over the last 10 years. The Postal Service started 2022 by making no change in the price of a forever stamp or the first-class letter rate, but hiked prices on July 10. The price of a first-class forever stamp will go up to 63 cents from 60 cents. The Postal Service announced in October that the prices for forever stamps will increase on January 22, 2023. Install Capital One Shopping Will the cost of a forever stamp increase? This means we may be about to see historical price increases while the Postal Service tries to save itself from financial ruin, so get ready for a huge postage increase.Simply add Capital One Shopping to your browser, and shop like normal. But the Postal Regulatory Commission recently gave the agency additional rate authorities. In the past, inflation caps limited the USPS’s ability to raise the price of a stamp by keeping postage increases in line with inflation rates. So why is the price of stamps increasing now? Linn’s Stamp News points out that many of these are services in which the USPS holds a monopoly. The services that will be affected by these twice-a-year price hikes include first-class mail, marketing (advertising) mail, periodicals, package services, and special services. Which classes of mail will see the biggest postage increase? It’s also warning its members, “We assume USPS will use the full pricing authority it has at any moment.” □ An industry watchdog called The Alliance of Nonprofit Mailers declared this filing “a death spiral accelerator” for the USPS. If you think that statement sounds somewhat ominous, you’re not alone. It “intends to be judicious in the use of available pricing authority, but anticipates the prospect that, given our current financial condition, the price change for each market-dominant class may be required to apply most or all pricing authority available on the date of filing.” The USPS said the following about the Postage Increase: See this press release for more information.īeyond that, the USPS has announced plans to raise the price of postage twice a year, every year continuing in January of 2023. In addition, USPS is proposing to increase the cost of metered letters, postcards, and international mail as detailed below. The United States Postal Service is planning to increase the price of Forever Stamps from their current cost of 60¢ to 63¢ effective on January 22, 2023. The price of a stamp is going up and will continue to go up every year. ![]() ![]() The price of stamps will increase incrementally and continually. ![]()
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