The U.S. Postal Service announced today that the price of a first-class stamp will go up by 2 cents to 44 cents on May 11.I know it's only a couple of cents, but I predict a run on Forever Stamps.
The Forever Stamp will continue to sell for 42 cents until May 11. As the name implies, it will take on the value of a first-class stamp in the future.
Since the Forever Stamp was introduced in April 2007, the Postal Service has sold more than 6 billion Forever Stamps.
Forever Stamps went on sale for 41 cents but the price rose to 42 cents in May 2008.
Of course, one of the major reasons the Postal Service is raising prices is that fewer people are mailing letters. It's a vicious cycle and raising the price of stamps doesn't help. So expect the Postal Service to continue raising rates in the future.
The Postal Service lost $2.8 billion in 2008.
Other changes taking effect May 11:
— The postcard stamp increases 1-cent to 28 cents.
— The first ounce of a large envelope increases 5 cents to 88 cents.
— The first ounce of a parcel increases 5 cents to $1.22.
— New international postcard and letter prices are, for one ounce, 75 cents to Canada; 79 cents to Mexico; and 98 cents elsewhere.
Originally posted at TONY PHYRILLAS
