The US postal service announced that the cost of its Forever stamps will rise five cents each January 27 from 50 cents to 55 cents.
The 10 percent lever in Forever stamps is the biggest prize prize since 1991. Each additional letter ounce will cost an additional 15 cents, which is a decrease from 21 cents. The cost of sending a 2-ounce stamp letter will actually fall from 71 cents to 70 and the cost of a postcard remains set at 35 cents.
Priority mail will also increase by about 10 percent. A priority small box that was once $ 7.20 will rise 70 cents, and a media box that previously costs $ 1[ads1]3.65, will now set you back $ 14.35.
In 2018, the USPS lost $ 3.9 billion – over $ 1 billion more than the year before. For 12 straight years, there has been bleeding in cash and are not taxpayers financed. It generates revenue from selling products and services.
The price increases come in opposition to criticism from President Donald Trump, who referred to USPS as Amazon's delivery boy, and falsely claimed that electronic commerce's behemoth has cost US taxpayers billions of dollars.
"Why is the US post office, which loses many billions of dollars a year while charging Amazon and others so little to deliver their packages, which makes Amazon richer and the post office dumber and poorer?" Tweeted Trump in late 2017. "Much more!"