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The U.S. Postal Service announced this week that several rate reductions will take effect on Sunday, April 10 -- the first time in nearly 100 years.
Since at least the early 1980s, the price of a stamp has closely followed the consumer price index. The large jumps in the early 1900s are because a change by a single penny was significant compared to the cost of the stamp. For example, the price increase from $0.02 to $0.03 on July 6, 1932, was a 50% increase in cost.
Updated July 14, 2016 at 7:52 PM. ... RELATED: Stamp Prices Going Down. Stamp Prices Going Down. More on AOL What your comic books are worth 3 retro summer toys are making a comeback
Starting April 10, stamps for 1-ounce letters will drop in price from 49 cents to 47 cents after the expiration of a 2-year agreement. Starting April 10, stamps for 1-ounce letters will drop in ...
Stamp prices alone have soared 36% since 2019 when they used to cost 50 cents. The Postal Service last raised First-Class stamp prices by two cents in January, just a few months after it raised ...
The price of a First-Class stamp reached 10 cents in 1974, just before the 200th anniversary of the service. As recently as 2002 it stood at 34 cents, or half of the current price.
Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [14]
In July 2022, the price of a Forever stamp was raised to 60 cents, and on Jan. 22, 2023, it was raised to 63 cents. As the U.S. Postal Service continues to find its way out of a $1 billion debt ...
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