USPS proposes raising stamp price by 3 cents in new year - WRCBtv.com | Chattanooga News, Weather & Sports

USPS proposes raising stamp price by 3 cents in new year

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WASHINGTON -

By Patrick Rizzo, NBC News

(NBC) - The United State Postal Service said Wednesday that it has proposed increasing the price of First-Class mail to 49 cents from 46 cents, beginning in January, to help raise revenues for the cash-strapped service.

The USPS said the new prices would take effect on Jan. 26, 2014.

Highlights include:

  • Letters (1 oz.) — 3-cent increase to 49 cents
  • Letters additional ounces — 1-cent increase to 21 cents
  • Postcards — 1-cent increase to 34 cents


"Of the options currently available to the Postal Service to align costs and revenues, increasing postage prices is a last resort that reflects extreme financial challenges," said Barnett in the letter.

The USPS last increased prices for a first-class stamp by a penny in January of this year. At the time, the USPS cited losses of about $25 million per day amid declining mail volume as more people use email and social media.

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