1st-Class Stamp Price to Rise 1¢
Postal service hikes cost more easily under new system
By Nick McMaster,  Newser Staff
Posted Feb 11, 2008 4:45 PM CST
Robert McEvilly, president and owner of Postal Pack n Ship, holds a roll of a 100 USA First-Class stamps at his independent full service discount packaging & shipping business in Glendale, Calif. Monday,...   (Associated Press)
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(Newser) – 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.