Mail stamp prices to go higher by 2012, US Postal Service says

By on Oct 19, 2011 in Economy, Lifestyle, United States Comments

Updated: December 6, 2011 2:26 a.m.

Read US snail mail delivery to be slower starting 2012; Postal Service announces cost cutting measures plans

Mail stamp prices in the US will go higher by 2012, which is its first price hike since May 2009, according to the US Postal Service (USPS) on Tuesday, October 18, 2011.

Christmas 2011 Forever stamps
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As noted in a press release ay that day, their office will not only raise stamp prices but also for Standard Mail, Periodicals, Package Services and Extra Services.

“The overall average price increase is small and is needed to help address our current financial crisis. We continue to take actions within our control to increase revenue in other ways and to aggressively cut costs.” US Postmaster General Patrick Donahoe said on the report.

“To return to sound financial footing we urgently need enactment of comprehensive, long-term legislation to provide the Postal Service with a more flexible business model.” Donahoe added.

According to USPS, the new price of the First-Class Mail stamps (or Forever stamps) will increase by 45 cents for 1 oz of letter, to anywhere across the US, and will start on January 22, 2012.

Below are the highlights of the new stamp prices announcement by USPS.

* Letters (1 oz.) – 1-cent increase to 45 cents
* Single-piece letters additional ounces – unchanged at 20 cents
* Postcards – 3-cent increase to 32 cents
* Letters to Canada or Mexico (1 oz.) – 5-cent increase to 85 cents.
* Letters to other international destinations – 7-cent increase to $1.05
* Second ounce free for First-Class Mail Presort weighing one to two ounces

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