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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.
In 2023 alone, the postal service reported a $6.5 billion deficit. For 2024, they project an additional $6.3 billion in losses. The most recent hike marks the fifth price increase in the past two ...
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 ...
The current increase is the latest in a string of postal-rate increases dating back to the birth of the nation. ... In 2021 dollars, that's about $1.67 to $6.95, which is a lot more than the cost ...
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.
The price increase is expected to start this month. There will not be a price increase for Post Office Box rental fees. The cost of postal insurance when mailing items will go down 10%.
After increasing the price of a first-class postage stamp to 68 cents in January, the U.S. Postal Service is planning to increase the cost again in the coming days.. The USPS will bump the cost of ...
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