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December 2, 2008 10:09:06 AM CST

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1st-Class Stamp Price to Rise 1¢

Posted Feb 11, 08 4:45 PM CST in Business 

(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.

Source Associated Press

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  • Stamp Price to Hit 42 Cents on Monday

    May 10, 08 2:17 PM CDT
    Stamp Price to Hit 42 Cents on Monday There’s a run on the post office today as Americans snap up first class stamps before they cost a penny more on Monday, the Los Angeles Times reports. If the 42-cent price seems insignificant, just think of Netflix, which sends and receives nearly 2 million parcels a day, and pays both ways. More »

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)
A new "forever" stamp, left, that features a likeness of the Liberty Bell, appears next to the new 41 cent first-class flag stamp, right, at the Norwood Post Office, in Norwood, Mass., Monday, May 14,...   (Associated Press)
This image provided by the U.S. Postal Services shows the Liberty Bell which will adorn the Postal Service's new forever stamp. It will cost a bit more to mail letters and parcels starting Monday. (AP...   (Associated Press)
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