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Regulators approve 1-cent stamp price increase
Another rate hike for USPS customers 2
Posted: 11/17/2012
Last Updated:
214 days ago
WASHINGTON - The price of a first-class stamp will go up one cent starting in January.
The Postal Regulatory Commission on Friday approved the proposed rate increase, which raises the price of a first-class domestic stamp to 46 cents.
The price of a postcard will increase from 32 cents to 33 cents, while a new global "forever" stamp will allow customers to mail letters anywhere in the world for one set price of $1.10. Currently, the prices for international letters vary.
The prices go into effect Jan. 27.
The U.S. Postal Service, which posted a record annual loss of $15.9 billion, proposed the rate increase last month.
The rate increase is tied to the rate of overall inflation. It will make only a small dent in the mail agency's financial losses.
Copyright 2012 Scripps Media, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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