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On September 25, 2013, the USPS announced a 3-cent increase in the First Class postal rate, effective January 26, 2014, increasing the price of a stamp to 49 cents. Bulk mail, periodicals, and package service rates were also increased by 6 percent. A loss of US$5 billion during the 2013 fiscal year was the reason given for the increase. [30]
The Postal Service found a way to bypass this problem in 1978. Preparatory to that year's increase, an orange colored stamp with a simple eagle design appeared bearing the denomination "A" instead of a number; and the public was informed that this stamp would satisfy the new first-class rate, whatever it turned out to be.
Between 2021 and 2023, USPS has raised the postage rate four times. [140] 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. [141] It also reported that its projected ten-year losses had been reduced from $160 billion to $70 ...
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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 ...
USPS gave a sneak peek at other stamps coming next year. (Scripps News)
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 ...