Price of postage stamps to go up Jan. 27th
Forever stamps increasing to $.55 cents each
January 10, 2019
The United States Postal Service will be adjusting prices for postage on Sunday, January 27, 2019. Some prices will increase, some will decrease. The new prices will include a 5-cent increase in the price of a First-Class Mail Forever stamp, from 50 cents to 55 cents. The single-piece additional ounce price will be reduced to 15 cents, so a 2-ounce stamped letter, such as a typical wedding invitation, will cost less to mail, decreasing from 71 cents to 70 cents.
The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products, and services to fund its operations.
The price changes include:
Letters (1 oz.): Current: 50 cents, New Rate: 55 cents
Letters additional ounces: Current: 21 cents, New Rate: 15 cents
Letters (metered 1 oz.): Current: 47 cents, New Rate: 50 cents
Outbound International Letters (1 oz.): Current: $1.15, New Rate: $1.15 (no change)
Domestic Postcards: Current: 35 cents, New Rate: 35 cents (no change)
The proposed domestic Priority Mail Retail Flat Rate price changes are:
Small Flat Rate Box: Current: $7.20, New Rate: $7.90
Medium Flat Rate Box: Current: $13.65, New Rate: $14.35
Large Flat Rate Box: Current: $18.90, New Rate: $19.95
APO/FPO Large Flat Rate Box: Current: $17.40, New Rate: $18.45
Regular Flat Rate Envelope: Current: $6.70, New Rate: $7.35
Legal Flat Rate Envelope: Current: $7.00, New Rate: $7.65
Padded Flat Rate Envelope: Current: $7.25, New Rate: $8.00
First-Class Package Service, a lightweight expedited offering used primarily by businesses for fulfillment purposes, will move to zone-based pricing to better align with the cost of service and improve value based on distance. The Postal Service does not add surcharges for fuel, residential delivery, or regular Saturday or holiday season delivery.
The Postal Service reportedly lost $3.9 billion in 2018, attributing the losses to drops in mail volume and the costs of pensions and health care. It marked the 12th year in a row the agency reported a loss despite growth in package shipping.
Source: https://about.usps.com/news/national-releases/2018/pr18_086.htm
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