USPS: Stamp Prices Go Up Monday

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This entry was posted on 5/10/2008 6:40 PM and is filed under Politics '08 - 04.


By AmericasNewsToday.Org staff

The cost of mailing a letter goes up a penny to 42 cents on Monday, the latest in what are expected to be annual price adjustments by the U.S. Postal Service, the Associated Press reported today.

A new law regulating the post office makes it easier to raise rates as long as the agency doesn't exceed the rate of inflation. Rates are to be adjusted each May.

But the post office also has introduced a way for people to save money when the price goes up, the Forever stamp, which remains valid for first-class postage regardless of any increases. With the rate increase approaching, sales of the Forever stamp reached 64 million-a-day in April, postal officials said.

Forever stamps currently sell for 41-cents, but can be used after the rate increase without any additional postage. However, when the rate goes up, so does the price of Forever stamps.

The cost to mail a post card will also go up a penny, to 27 cents.

Other rates set for Monday:

     • Large envelope, 2 ounces, $1, up 3 cents.
     • Money Orders up to $500, $1.05, unchanged.
     • Certified mail, $2.70, up 5 cents.
     • First-class international letter to Canada or Mexico, 72 cents, up 3 cents.
     • First-class international letter to other countries, 94 cents, up 4 cents.
     • Priority mail flat-rate envelope, $4.75, up 25 cents.
     • Express mail flat-rate envelope, $16.50, up 25 cents.

Postage rates last went up in May 2007, with a first-class stamp jumping 2 cents to the current 41-cent rate. That change came under the old law governing the post office, while the current boost uses the simpler procedures of the new one.

Additional reporting by the Associated Press, and the U.S. Postal Service.

On the Web:
http://www.usps.com/.


 

 
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