The U.S. Postal Service is raising the price of its Forever Stamps again.
Forever Stamps, which can be used as postage even if prices change in the future, will increase by 2 cents on Sunday, Jan. 21, 2024. Individual stamps will cost 68 cents each, up from 66 cents.
Stamp prices last increased from $0.63 to $0.66 on July 9 last year. The price hike, filed with the Postal Regulatory Commission, was blamed on inflation.
“As inflationary pressures on operating expenses continue and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much-needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan. The prices of the Postal Service remain among the most affordable in the world,” the USPS said in a statement.
The price of Forever Stamps have gone up 36% since 2019, when first-class postage stamps went from 50 cents to 55 cents. In January 2023, prices went up from 60 cents to 63 cents.
The postal service said last year its additional-ounce price will stay at 24 cents, but also increased the fees for certified mail, post office box rental fees, money order fees and the cost to purchase insurance when mailing an item. Those other price changes are as follows:
- Letters – metered 1 ounce – 63 cents to 64 cents
- Domestic postcards – 51 cents to 53 cents
- International postcards – $1.50 to $1.55
- International letter (1 ounce) – $1.50 to $1.55
Forever Stamps can be purchased at any U.S. Post Office or online at store.usps.com.