Postage increases this month
On July 14, the United States Postal Service (USPS) will increase postage rates yet again. The new rates include a five-cent increase in the price of a first-class Forever Stamp from 68 cents to 73 cents.
The overall adjustments are an increase of approximately 7.8%. For additional ounces to single-piece letters, the increase will go from 24 cents to 28 cents. The USPS is also seeking price adjustments for Special Services products, including Certified Mail and money order fees.
Notably, there will be no price increase for post office box rental fees, and the USPS will apply a price reduction of 10 percent for postal insurance when mailing an item.
According to USPS, as changes in the mailing and shipping marketplace continue, these price adjustments are needed to achieve the financial stability sought by the USPS’s Delivering for America, a 10-year plan.
Information provided by U.S. Postal Service
