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The price of a stamp only took a big leap





(news)

It no longer costs 50 cents to send a letter. On Sunday, the USPS raised the price of Forever stamps to 55 cents. The 10% increase is the biggest move USPS has made in the cost of sending a first-class letter since 1991, as the price rose 16%, from 25 cents to 29 cents. The Mercury News reports the bump comes in response to continually flagging revenue, with the postal service seeing a net loss of $ 1.5 billion in Q3 2018. The price of a stamp was last raised in January 201[ads1]7, when it increased by a penny.

NBC news reports Forever stamps work no matter what price they were bought on; The first was sold in 2007 and cost 41 cents. Stamps.com reports the cost of each extra ounce for a first-class letter has fallen from 21 cents to 15 cents. That means that a 2-odd letter (which wedding invitations tend to be) will actually cost a little less to the post, at 70 cents instead of 71 cents. (Read more forever stamps.)



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