The Price of a Stamp Just Took a Big Jump

USPS prices changed on Sunday
By Newser Editors,  Newser Staff
Posted Jan 27, 2019 5:30 PM CST
Updated Jan 28, 2019 6:29 AM CST
The Price of a Stamp Just Took a Big Jump
USPS carrier Chris Sweeney works at delivering mail along his route in Johnstown, Pa., Thursday, Dec. 27, 2018.   (John Rucosky/The Tribune-Democrat via AP)

It no longer costs 50 cents to mail a letter. On Sunday, the USPS raised the price of Forever stamps to 55 cents. That 10% increase is the biggest hike the USPS has made when it comes to the cost of mailing a first-class letter since 1991, when the price rose 16%, from 25 cents to 29 cents. The Mercury News reports the bump comes in response to continually flagging revenues, with the Postal Service seeing a net loss of $1.5 billion in Q3 of 2018. The price of a stamp was last raised in January 2017, when it increased by a penny.

NBC News reports Forever stamps work regardless of what price they were purchased at; the first were sold in 2007 and cost 41 cents. reports the cost for each additional ounce for a first-class letter has dropped from 21 cents to 15 cents. That means a 2-ounce letter (which wedding invitations tend to be) will actually cost slightly less to mail, at 70 cents instead of 71 cents. (More forever stamp stories.)

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