First Class Stamp price to increase to $.73 cents in July 2024
by LibbyMT.com
May 10, 2024
The United States Postal Service (USPS) will again increase the price for mailing services that will take effect on July 14, 2024. The price of a first-class mail Forever stamp will increase five cents, from 68 cents to 73 cents. There will be no price increase for Post Office Box rental fees, and the Postal Service will apply a price reduction of 10 percent for postal insurance when mailing an item. The proposed adjustments, if approved by the governors of the Postal Service, would raise mailing services product prices approximately 7.8 percent.
This is the sixth price increase since January 2021,
incrementally increasing the cost of a first class Forever stamp from $.55 cents to $.73 cents. And the Postal Service has indicated there will be more regular increases in the near future. In their December 29, 2023 report to the Postal Regulatory Commission, the US Postal Service said they anticipate to implement price changes for all of their market dominant classes in January and July in each subsequent year after this upcoming increase in July 2024. The price increases, along with their legal obligation to be financially self-sufficient, will help them achieve financial sustainability while improving customer service.
USPS Forever Stamp Historical Prices
(Requested: July 14, 2024: $0.73)
January 21, 2024: $0.68
July 9, 2023: $0.66
January 22, 2023: $0.63
July 10, 2022: $0.60
August 29, 2021: $0.58
January 24, 2021: $0.55
January 26, 2020: $0.55
January 27, 2019: $0.55
January 21, 2018: $0.50
January 22, 2017: $0.49
April 10, 2016: $0.47
January 26, 2014: $0.49
January 27, 2013: $0.46
January 22, 2012: $0.45
May 11, 2009: $0.44
May 12, 2008: $0.42
April 12, 2007: $0.41
Source: https://foreverstampprice.com/
As the name suggests, Forever stamps can be used at any time after purchase, regardless of whether the postage rate goes up in the future. So if you stock up on Forever stamps at the current price before the July increase, the stamps will still be good after this new and any future price increases.
New Prices for July 2024):
Letters (1 oz.) 68 cents (Current Price) 73 cents (Planned Price)
Letters (metered 1 oz.) 64 cents (Current Price) 69 cents (Planned Price)
Domestic Postcards 53 cents (Current Price) 56 cents (Planned Price)
International Postcards $1.55 (Current Price) $1.65 (Planned Price)
International Letter (1 oz.) $1.55 (Current Price) $1.65 (Planned Price)
The additional-ounce price for single-piece letters increases from 24 cents to 28 cents. The Postal Service is also seeking price adjustments for Special Services products, including Certified Mail and money order fees.
|
