Stamp prices to increase after the first of the year - ABC 33/40 - Birmingham News, Weather, Sports

Stamp prices to increase after the first of the year

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Those Forever stamps are about to get more valuable.

The cost of mailing a first class letter goes up by a penny, to 46 cents, in January.  The U.S. Postal Service also will introduce a new global Forever stamp, allowing customers to mail letters anywhere in the world for one set price of $1.10.

The Postal Service also will increase rates on priority mail shipping, by 4 percent.

Under the law, the Post Office cannot raise prices more than the rate of inflation, or 2.6 percent. The mail agency, which expects to lose a record $15 billion this year, has asked Congress to give it new authority to raise stamp prices by 5 cents, but the House has yet to act.

 

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