United States Postal Service announces price increases and when they will take place

WASHINGTON, DC — The United States Postal Service filed notice with the Postal Regulatory Commission of mailing services price changes to take effect Jan. 21, 2024. The new rates include a 2-cent increase in the price of a First-Class Mail Forever stamp, from 66 cents to 68 cents.

The proposed adjustments, approved by the governors of the Postal Service, would raise mailing services product prices approximately 2 percent. If favorably reviewed by the commission, the price changes would include:

Letters (1 ounce)
66 cents to 68 cents

Letters (metered 1 ounce)
63 cents to 64 cents

Domestic Postcards
51 cents to 53 cents

International Postcards
$1.50 to $1.55

International Letter (1 ounce)
$1.50 to $1.55

There will be no change to the additional-ounce price, which remains at 24 cents. The Postal Service is also seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, money order fees and the cost to purchase insurance when mailing an item.

The United States Postal Service stated why they are issuing the price increases.

“As inflationary pressures on operating expenses continue and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan. The prices of the Postal Service remain among the most affordable in the world.”

The PRC will review the changes before they are scheduled to take effect.