USPS raising stamp prices: Last chance to lock in Forever stamp rate ahead of increase

Stamp prices will rise in a fortnight as the United States Postal Service is set to increase prices across its services.

The price of first-class Forever stamps will increase from 68 cents to 73 cents on July 14, an over 7% increase. Prices for all services will rise over 7.5%.

The price hikes are part of the USPS 10-year " Delivering for America " plan intended to stabilize the Postal Service financially. Forever stamps were 55 cents when the plan was introduced in 2021.

First class mail accounted for over 30% of postal revenue in 2023 and the plan is expected to generate $44 billion in additional revenue by 2031.

USPS changes prices on more than stamps

The additional-ounce price for single-piece letters will rise to 28 cents from 24 cents.

Post office box rental fees will not change and the cost of postal insurance would decrease by 10%.

The price of international postcards and international 1-ounce letters will increase by 10 cents each, from $1.55 to $1.65.

This article originally appeared on USA TODAY: USPS raising stamp prices: Last chance to lock in Forever stamp rate ahead of increase