USPS Lowers Price of Stamps For the First Time in 100 Years

Yes, you read that correctly. The price of stamps is going down.

Beginning April 10th, the price of a stamp for a 1-ounce letter will cost 47 cents, down from 49 cents. International letters will go down by 5 cents to $1.15, and postcards will be 1 cent cheaper, at 34 cents.

Back in January 2014, regulators of the U.S. Postal Service granted a temporary rate increasestamp to help offset the lingering effects of the 2008 and 2009 recession.  A  4.6 billion dollar cap was placed on the amount the Postal Service could recoup and it is estimated that it will be met by this Sunday.

While normally a price cut in anything is good news, it is not good news for those holders of Forever stamps for these stamps are now worth less than what they were purchased for.

The Postal Service is pleading with Congress and regulators to extend the surcharge claiming that it will result in an annual revenue loss of 2 billion dollars.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: