Forever stamps jump to 55 cents, biggest increase in USPS history

Forever stamps jump to 55 cents, biggest increase in USPS history

The U.S. Post Office is raising prices on stamps and some shipping services.

The nickel increase is the largest hike since 1991 when the stamp went from 25 to 29 cents.

Postage for a one-ounce letter will increase from 50 cents to 55 cents, but the price of each additional ounce has decreased from 21 to 15 cents.

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Priority Mail Express prices rose by 3.9 percent, while Priority Mail increased 5.9 percent - those prices aren't adjusted in line with inflation, but rather with perceived market conditions. The Mercury News reports the bump comes in response to continually flagging revenues, with the Postal Service seeing a net loss of $1.5 billion in Q3 of 2018.

A small box now costs $7.90 to mail, up 70 cents. While first-class mail delivery is struggling, USPS saw an increase of nearly half a billion additional packages in 2018 compared to 2017.

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