USPS Implements Record-High Stamp Price Increase for Second Time in 2024
The cost of a Forever stamp rises to 73 cents as part of USPS's ongoing financial recovery plan.
- The price of a first-class Forever stamp will increase by 5 cents, reaching 73 cents on Sunday.
- This is the second price hike in 2024, matching the largest single increase on record.
- The USPS attributes the hike to financial challenges and aims to stabilize under the Delivering for America plan.
- Other postage rates, including international letters and postcards, will also see significant increases.
- The USPS reported a $6.5 billion net loss for fiscal year 2023, citing inflation and declining mail volumes.