First-class snail mail will cost a penny more starting May 12, the US Postal Service announced today. Stamps are going up to 42¢, as is the Forever stamp, which was billed as a hedge against future first-class rate increases when it was introduced last year. The 41¢ Forevers will still work after the rate hike.
Postage prices last rose in May 2007, when the price of a first-class stamp rose 2¢. Rates for periodicals, advertising mail, Priority Mail and other special services will also rise. The USPS can change rates if they're in sync with inflation over the previous year, the AP reports. Increasing rates once required complex regulatory hearings that lasted nearly 12 months.