United States Postal Service (USPS)
1-cent bump for First Class mail
Starts January 22, 2012
The U.S. Postal Service has announced that stamp prices are going up for the first time in more than two years. The new prices will take effect on Jan. 22, 2012, Reuters news service reports.
The Postal Service is raising the price of mailing a first-class letter by one cent to 45 cents, Reuters reports. The cost to mail a postcard will go up three cents to 32 cents, letters to Canada or Mexico will rise five cents to 85 cents and letters to other locations abroad will cost seven cents more at $1.05. Prices for Express Mail and Priority Mail will stay the same, Postal Service officials said.
Postal officials expect the 1-cent increase to generate an additional $888 million in revenue, the Washington Post reports.
“The overall average price increase is small and is needed to help address our current financial crisis,” Postmaster General Patrick Donahoe said, according to Reuters. “We continue to take actions within our control to increase revenue in other ways and to aggressively cut costs.”
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WHAT ARE YOUR
LOOSE STAMPS WORTH?
Want to know what those “no-price” postage stamps cluttering up your kitchen drawer are worth? The ones without the price printed on them? Don’t throw ‘em out just yet. They may come in handy. They’re called “nondenominational” or “FOREVER” stamps issued by the USPS. You can see most of them in dozens of color photos of these “unknowns” updated Jan 15, 2010. Click HERE