US Postal Service rates increased
July 21, 2023
USPS recently hiked the price of a stamp to sixty-six cents, a 32 percent increase since 2019.
The change took effect July 9th, and was an increase of 4.8 percent from the previous cost of 63 cents. The move is the latest in a flurry of rate boosts that will result in the cost of a first-class stamp rising nearly one-third since 2019.
Under Postmaster General Louis DeJoy, the USPS has embarked on a 10-year plan to get on a path to profitability - with higher postage rates as part of the plan.
The recent price increase is the fifth since early 2019, when a Forever stamp cost 50 cents.