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This follows an increase in January 2024 and marks the sixth increase since January 2021. Despite these ongoing price hikes, the United States maintains relatively inexpensive postage compared to other developed countries. A 2024 study by the USPS Inspector General found that the U.S. had a lower stamp price than 26 out of 30 comparable countries.
Between 2021 and 2023, USPS has raised the postage rate four times. [150] In May 2023, USPS reported a $2.5 billion loss over the year's first quarter, with approximately $500 million of that figure related to costs within the agency's control. [151] It also reported that its projected ten-year losses had been reduced from $160 billion to $70 ...
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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]
The United States Postal Service announced plans to raise the price of Forever stamps and other postage for 2023. Upon approval from the Postal Regulatory Commission, USPS says the cost of first ...
USPS gave a sneak peek at other stamps coming next year. (Scripps News)
In announcing its decision to adopt non-denominated postage in 2006, Canada Post noted that it had to print more than 60 million one-cent stamps following the last price increase in 2005. [3] The Canadian NVI program was essentially equivalent to the American NVI program, as both covered regular domestic first-class mail.
Back in July, the price of a first-class stamp jumped from from 68 cents to 73 cents, marking the largest increase since 2019. The USPS has steadily raised postal rates in recent years, with stamp ...