Postal Service to Hike Stamp Prices

The U.S. Postal Service’s regulator last week approved the largest-ever price increase for the cost of a stamp.
On January 27th, the cost for sending a letter will increase by 10 percent, bringing the price tag for sending a letter to 55 cents.
The Postal Regulatory Commission approved the hike after determining the Postal Service’s proposal complied with requirements, such as ensuring any price surge is not more than inflation. Prices will increase across the agency’s offerings by an average of 2.5 percent, which is the inflationary cap.
Individual offerings, such as the stamp for regular, first-class mail, will outpace that rate. Packages sent as Priority Mail will see costs rise by 5.9 percent, while Priority Mail Express will have 3.9 percent higher rates. The new prices will go into effect Jan. 27.