Stock up on stamps: Post office delivering price increases
The Daily Reflector
Friday, January 25, 2019
If you have mail to send, now is the time to stock up on Forever stamps.
On Sunday, the United States Postal Service is raising the cost of Forever stamps for first class mail from 50 cents to 55 cents. This is the biggest price jump since 1991.
The good news is, anyone with Forever stamps can use them no matter what price they purchased them at, and no matter what the price of postage for a first class letter is. So the price increase will not affect Forever stamps and those stamps are still enough to send a letter.
For those sending letters that require extra postage, stamps for a lower amount also will be available.
The USPS offers stamps at denominations from a cent upward. There are one cent, two cent, three cent, five cent, 10 cent and more stamps available to those who need them. The stamps available from the USPS are all listed on its website — store.usps.com — and also are available at the local post offices.
These stamps may be helpful, because the Postal Service also is raising rates on its document and package shipping services including Priority and Priority Express.
These changes were proposed in October and were were approved by the the Governors of the Postal Service.
“Although Mailing Services price increases are based on the Consumer Price Index, shipping services prices are primarily adjusted according to market conditions,” the Postal Service said in a news release. “The Governors believe these new rates will keep the Postal Service competitive while providing the agency with needed revenue.”
The Postal Service lost about $3.9 billion in the fiscal year 2018. That's about $1.2 billion more than the previous year and the Postal Service has lost money for 12 consecutive years. The Postal Service generates revenue from the sale of products and services and is not taxpayer funded.
“The Postal Service has some of the lowest letter mail postage rates in the industrialized world and also continues to offer a great value in shipping,” the news release stated. “Unlike some other shippers, the Postal Service does not add surcharges for fuel, residential delivery, or regular Saturday or holiday season delivery.”
Here are some samples of the post office’s new pricing:
Forever stamps and postcards: Price is rising from 50 cents to 55 cents. Each additional ounce will cost 15 cents, a decrease from 21 cents.The cost to mail a postcard still is 35 cents.
Priority mail small box: The price is going up from $7.20 to $7.90. The medium box is rising from $13.65 to $14.35 and the large box will increase from $18.90 to $19.95.
Priority flat rate envelopes 12.5 inch by 9.5 inch or smaller are increasing from $6.70 to $7.35. Priority legal flat envelopes will rise from $7 to $7.65. The priority padded flat rate envelope rate is going up from $7.25 to $8.
Priority Express rates also are climbing. A flat rate envelope will cost $25.50, up from $24.70. A legal flat rate envelope is $25.60, up from $24.90. And the rate for a padded flat rate envelope is $26.20, up from $25.40.