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The US Postal Service wants to hike stamp prices again in July. Here's how much you'll pay

·1 min

Stamp prices are set to increase as the US Postal Service plans to raise the cost of First-Class ‘Forever’ stamps. The price will go up from 68 cents to 73 cents, marking another increase for the financially struggling agency. If approved by the Postal Regulatory Commission, the price change will take effect in July and result in an almost 8% increase in the cost of mailing services products. Stamp prices have already risen by 36% since 2019. The USPS stated that these price adjustments are necessary to achieve financial stability and make the agency more competitive and modern. Domestic and international postcard prices will also increase. The USPS expects to incur a $6.3 billion loss in 2024, despite efforts to improve its financial situation.