(UNDATED) – The U.S. Postal Service is increasing the price of its first-class mail Forever Stamp from 50 cents to 55 cents.
The increase will take effect on January 27, 2019.
Courtesy US Postal Service
The 10 percent increase for the stamp marks the post office’s largest price hike since 1991.
The price increase comes as the agency faces a decline in revenue. In the third quarter, the postal service posted a net loss of $1.5 billion, compared to a loss of $2.1 billion during the same period last year.
Forever stamps aren’t the only item that will have a higher price tag in 2019.
The US Postal Service will also raise shipping rates for Priority Mail, Priority Express Mail, and Priority Mail Flat Rate boxes and envelopes.
The proposed Mailing Services price changes include:
- Letters (1 oz.) – 55 cents
- Letters additional ounces – 15 cents
- Letters (metered 1 oz.) – 50 cents
- Outbound International Letters (1 oz.) – $1.15
- Domestic Postcards – 35 cents
- Small Flat Rate Box – $7.90
- Medium Flat Rate Box – $14.35
- Large Flat Rate Box – $19.95
- APO/FPO Large Flat Rate Box – $18.45
- Regular Flat Rate Envelope – $7.35
- Legal Flat Rate Envelope – $7.65
- Padded Flat Rate Envelope – $8.00