Postage stamps increasing to 55 cents
U.S. Postal Service stamps will be getting more expensive. The new price of first-class forever stamps will increase from 50 cents to 55 cents on Jan. 27 – an increase of 10 percent. The increase is an effort by the United States Postal Services (USPS) to offset record operating losses in 2018 totaling nearly $4 billion, according to reports. The post office has experienced a volume decline in 2018 of 3.2 billion pieces, according to Fox Business, with a 3.6 percent decline in first-class mail, which provides its most significant share of income. The Jan. 27 stamp price hike, accompanied by other mailing and shipping increases, is the biggest price increase by total cents in the history of the post office. Other USPS 2019 postal price increases taking effect January 27:
Small flat rate box from $7.20 to $7.90
Medium flat rate box from $13.65 to $14.35
Large flat rate box from $18.90 to $19.95.
Regular flat rate envelope from $6.70 to $7.35
Large flat rate envelope from $7 to $7.65
Padded flat rate envelope from $7.25 to $8