Consumer group protests latest hike in stamp prices by USPS
If approved, Postal Service would increase first class mail stamps from 68 cents to 73 cents.
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If approved, Postal Service would increase first class mail stamps from 68 cents to 73 cents.
The U.S. Postal Service on Tuesday said it ran into the red by $6.5 billion in fiscal 2023, which ended on Sept. 30. Operating expense inflation was a big culprit, the federal agency said.
January 21 change needed to balance inflation, fund 10-year overhaul plan, service says
Postage rates have increased 32 percent since 2019.
The new rates, which cover stamps and other mail items including periodicals and advertising mailers, are poised to take effect July 9 unless overruled by the postal regulator.