Stamps are about to get more expensive as a price hike proposed several months ago by the U.S. Postal Service (USPS) and recently approved by the Postal Regulatory Commission (PRC) kicks in on Sunday, Jan. 22.
The cost-of-living crunch that’s frustrating American households also put a squeeze on USPS, which in October 2022 said it had put forward plans to increase prices to “offset the rise in inflation.”
The agency said in an Oct. 7 statement that it had proposed a range of price hikes, including for stamps and raising fees on mail insurance, money orders, and P.O. box rentals.
The new rates, which were approved by the PRC at the end of November 2022 (pdf), include an approximate 4.2 percent price increase for each of First-Class Mail, USPS Marketing Mail, Package Services, and Special Services….