- The price of stamps is increasing again as the US Postal Service struggles with inflation.
- The non-expiring Forever stamp will rise from 60 to 63 cents starting January 22, per the USPS.
The price of postage is about to increase as the US Postal Service works to wrangle its cost of operations amid economic inflation.
Prices for some postage stamps will increase by about 4.2% — or a few cents per stamp — starting January 22, according to the US Postal Service.
The Forever stamp will increase from 60 to 63 cents, amounting to the third increase for the non-expiring stamp in the last year and a half, according to USPS data. In August 2021, the Forever stamp's price rose from 55 to 58 cents, and it jumped again to 60 cents in July 2022, the data shows.
For metered 1-ounce letters, the price of stamps will rise from 57 to 60 cents, and international letters will increase by $1.40 to $1.45 per ounce, according to the postal service. The price of postage for domestic postcards will increase from 44 to 48 cents while international postcards will see a jump from $1.40 to $1.45, per USPS.
The postmaster general said in August that service would require a rate increase as inflation was predicted to add over $1 billion to the USPS budget, according to The Associated Press.
The USPS doesn't usually receive tax funding and "relies on the sale of postage, products and services to fund its operations," according to the department.