This summer the United States Postal Service will raise the price of first-class stamps by 3 cents. There are other increases happening too, all of which take place August 29.
According to USPS the price increase will help offset the declining revenue from declining mail volumes over the last decade. Sadly, we’ve also seen a decline in the postal service’s on-time delivery rate.
Here’s the proposed price changes:
| Product | Current Prices | Planned Prices |
| Letters (1 oz.) | 55 cents | 58 cents |
| Letters additional ounce(s) | 20 cents | 20 cents (unchanged) |
| Letters (metered 1 oz.) | 51 cents | 53 cents |
| Domestic Postcards | 36 cents | 40 cents |
| Flats (1 oz.)
Outbound International Letters |
$1.00
$1.20 |
$1.16
$1.30 |
[CBS News/United States Postal Service]
