May 22, 2018

Postal Stamps on the Rise Again

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Postal Stamps on the Rise Again

If your 2014 business plan includes sending handwritten thank-you cards or any other first-class mailings, you may want to stock up on "Forever" stamps. The cost of first-class postage stamps is set to rise by 3 cents—to 49 cents from the current 46 cents—on Jan. 26.

However, the increase is expected to be temporary. The Postal Service says that the price jump will only be in effect until it can make up the $2.8 billion in losses that it accrued during a large decrease in mail volume it says were caused by the recession.

The post office had asked for the change to be permanent, but the Postal Regulatory Commission denied the request and ordered the Postal Service to provide a plan for phasing out the increase in less than two years. 

Source: “Postal Service Raises Price Again but Says It’s Not Forever,” The New York Times (Dec. 24, 2013)

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