The U.S. Postal Service announced another increase in postage, set to take effect July 10, 2022.
The First-Class Mail Forever Stamp will increase by two cents, bringing it to $.60.
In addition to the Forever Stamp, other increases are detailed below.
Letters (1oz) will increase two cent to $.60
Letters (metered 1oz) will increase four cents to $.57
Letters additional ounces will increase four cents to $.24
Domestic Postcards will increase four cents to $.44
International Letters (1oz) will increase ten cents to $1.40
These price adjustments will help to combat the rising rate of inflation and increased operating costs as part of the implementation of the Delivering for America plan. The plan includes a $40 billion investment in core Postal Service infrastructure over the next ten years.
While it may seem like a big increase, especially to those of us that remember stamps costing half that price, it’s worth noting that the Postal Service will continue to provide the lowest letter-mail postage rates in the industrialized world.
The Postal Service generally receives no tax dollars for operating expenses and instead relies on the sale of postage, products and services to fund its operations.
If you’d like to save a bit of money, be sure to stock up on Forever Stamps before July 10th.