April 24, 2008

One-Cent Stamp Price Hike Takes Effect May 12th

The price for a one-ounce First-Class stamp will increase from 41 to 42 cents on May 12.

Prices for other mailing services, such as Standard Mail, Periodicals, Package Services (including single-piece Parcel Post), and Special Services will also change.

First class mail of 2 ounces will increase from $0.58 to $0.59. Postcard stamps will also rise once cent from $0.26 to $0.27. Postage for large envelopes (2 oz.) will go up from $0.97 to $1.00. The cost of certified mail will rise from $2.65 to $2.70.

The average increase by class of mail is at or below the rate of inflation as measured by the Consumer Price Index.

ďThe Postal Service developed the Forever Stamp for consumers to ease the transition during price changes,Ē said Postmaster General John Potter. ďWe encourage Americans to buy Forever Stamps now for 41 cents, because like the name suggests, they are good forever.Ē

The price goes up to 42 cents on May 12.

ďThe Forever stamp is intended to reduce the inconvenience that consumers experience with having to acquire new-price postage or ďmake-up stamps (1-cent) for the implementation of the new prices effective May 12th,Ē said Memphis Postmaster Terrie Starbuck.

The Postal Service has sold 5 billion Forever Stamps since the launch last April and plans to have an additional 5 billion in stock to meet the expected demand before the May price change.

Consistent with the new Postal Accountability and Enhancement Act, prices for mailing services will be adjusted annually each May. The Postal Service plans to provide 90 daysí notice before the price changes each year.

New prices for shipping services, including Express Mail and Priority Mail were released in March. Prices for all postal products and services are available at usps.com/prices.

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