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by Michael Prochaska
Best to send out holiday-gift thank-you cards before Jan. 21
That’s the date that the cost of a First-Class Forever U.S. Postage Stamp will go up from 66 cents to 68 cents.
The cost of stamps previously increased in July of last year. At the time, the price rose from 63 cents to 66 cents. The price had also increased from 60 cents to 63 cents in January 2023.
For early 2024, the United States Postal Service is increasing prices on several products. Domestic postcard stamps will increase from 51 cents to 53 cents. International postcards will go from $1.50 to $1.55. Priority Mail service prices will see an increase of 5.7%.
“As inflationary pressures on operating expenses continue, and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for American 10-year plan,” according to a USPS press release from U.S. Postmaster General Louis DeJoy.
“Twice-a-year postage increases have been part of the DFA plan,” noted the National Newspaper Association.
USPS does not receive tax dollars, relying instead on the sale of postage, products and services.