WASHINGTON — The U.S. Postal Service said Friday it wants to raise the price of first-class Forever mail stamps from 60 to 63 cents to account for inflationary costs.
USPS filed notice of the proposed hike with the Postal Regulatory Commission and wants the increase to take effect Jan. 22. U.S. Postmaster General Louis DeJoy said in August that inflation would cause USPS costs to exceed its 2022 budget plan “by well over $1 billion.”
There will be no change to the single-piece letter and flat additional-ounce price but other prices will rise including the cost of an international letter by five cents to $1.45.
Overall first-class mail prices will rise 4.2%, USPS said.
DeJoy has said USPS for years had failed to charge enough for package and mail delivery.
Struggling with diminishing mail volumes despite having to deliver to a growing number of addresses, the USPS reported net losses of more than $90 billion since 2007 until August when it booked a onetime, non-cash benefit of $59.6 billion after President Joe Biden signed financial relief legislation into law.
No problem, I pay all my bills online anyway and the only mail I get is junk mail or packages I order from Amazon or Walmart. Most of my family no longer sends Christmas cards so as of this year I will no longer be doing this as well. Postal service had it’s time, but is quickly becoming a thing of the past. Private carriers are taking over this business.
They have to pay for all the Democrat Late Ballots they are going to Count in the next election, like 2020 !!!!!
Sonsabitches
They got to pay their Dirty supervisors over time hiding those Biden Ballots !!!!!!
Got to allow for those Democrat MAIL- IN- BALLOTS & crooked unchecked Drop-off boxes to deliver !!!!!!!
Who mails anything these days?
That’s the least secure way of doing any commerce, business or voting OK maybe some nostalgic Holiday Cards for Ole Times’ sake but yeah NO. The only mail I get is junk and use it to start fires in my wood stove.
Need the money to pay for new fleet EVs!
Sorry i cant contribute. Good luck USPS
They won’t work in Florida under water !!!! LOL
USPS is OVERPRICED already !!!! Gouging Americans all they can !!!! They should be in Jail !!!
They gotta Buy more New trucks to haul those Democrat Fake Ballots next election !!!!!