The expense of a postage stamp increased by 3 cents on Sunday, marking the 3rd boost in the cost of stamps over the previous 12 months by the U.S. Postal Service.
The cost of a domestic top-notch permanently stamp– the kind of stamp utilized to send by mail a top-notch letter– increased to 66 cents from 63 cents. The boost entered into result on July 9.
The U.S. Postal Service stated the 4.8% boost in cost was needed to “balance out the increase in inflation.” The post workplace likewise raised the cost of mailing domestic postcards, global postcards and global letters.
The cost of stamps last increased in January, when postage went from 58 cents to 60 cents.
The U.S. Postal Service raised the cost of stamps once again on July 9.
From the 1970s to 2000, the cost of stamps increased about 3 to 4 times per years, according to postal service information However walkings have actually been coming more often over the previous number of years: Stamp rates increased 6 times in the 2000s and 7 times in the 2010s.
” These cost changes are required to supply the Postal Service with much-needed profits,” the post workplace stated
The U.S. Postal Service dealt with more than 127 billion pieces of mail in 2022, compared to 207 billion in 2000.
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The modification in stamp rates comes a couple of weeks after the post workplace released a alerting about check scams after a current rise in attacks on letter providers. Dropping off your mail at a post workplace rather of in a blue mail box is more secure, the postal service stated.