U.S. Postal Service Proposes Stamp Price Increase

SOURCE npr.org
The U.S. Postal Service plans to raise the price of a Forever postage stamp to 73 cents from the current 68 cents in July, making it the sixth price hike since January 2021. Despite the increases, U.S. stamp prices remain lower compared to many other developed countries, and the USPS is taking steps to address its financial challenges.

Key Points

  • Price of a Forever postage stamp to increase to 73 cents in July
  • U.S. stamp prices remain lower compared to many developed countries
  • USPS facing financial challenges and taking steps to address them

Pros

  • Stamp prices in the U.S. remain lower compared to other developed countries.
  • The USPS is addressing its financial challenges by raising rates.

Cons

  • Frequent price hikes may impact customers who rely on traditional mail services.