{"id":222198,"date":"2024-04-09T21:40:52","date_gmt":"2024-04-09T21:40:52","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/09\/postal-service-asks-to-raise-stamp-price-to-73-cents-the-5th-hike-in-3-years\/"},"modified":"2025-06-25T17:18:57","modified_gmt":"2025-06-25T17:18:57","slug":"postal-service-asks-to-raise-stamp-price-to-73-cents-the-5th-hike-in-3-years","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/09\/postal-service-asks-to-raise-stamp-price-to-73-cents-the-5th-hike-in-3-years\/","title":{"rendered":"Postal Service asks to raise stamp price to 73 cents, the 5th hike in 3 years"},"content":{"rendered":"

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The U.S. Postal Service<\/a> signaled plans Tuesday for a rate increase that includes hiking the cost of a first-class stamp from 68 cents to 73 cents, part of an overall 7.8% increase to take effect this summer.<\/p>\n

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The request was made to the Postal Regulatory Commission, which must approve the proposed increase that the Postal Service contends is necessary to achieve financial stability. If approved, the 5-cent increase for a \u201cforever\u201d stamp and similar increases for postcards, metered letters and international mail would take effect July 14.<\/p>\n

U.S. Postmaster General Louis DeJoy previously warned postal customers to get used to \u201cuncomfortable<\/a>\u201d rate hikes as the Postal Service seeks to become self-sufficient. He said price increases were overdue after \u201cat least 10 years of a defective pricing model.\u201d<\/p>\n

In its filing, the Postal Service said it\u2019s also seeking price adjustments on special services such as money order fees and certified mail. But there will be no price increase for post office box rentals, and postal insurance will be reduced by 10% when items are mailed, the postal service said.<\/p>\n<\/div>\n

Subscribe to the new Fortune CEO Weekly Europe newsletter to get corner office insights on the biggest business stories in Europe. Sign up<\/a> for free.<\/div>\n<\/div>\n

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