The U.S. Postal Service is hoping to raise the price of first-class stamps to 66 cents, an increase of 4.8 percent from its current 63 cents. If approved, the price of a first-class stamp will have risen nearly one-third since 2019.
The latest hike should go into effect on July 9th. This hike represents the fifth increase since early 2019, when a Forever stamp cost 50 cents.
Other postage fees are also set increase in July, Postcards sent within the U.S. will rise to 51 cents, up from 48 cents, while international letters will rise by five cents to $1.50.
The Postal Regulatory Commission, the federal regulator that oversees the postal service, will review the price hikes before they take effect. The increases have already been approved by the governors of the U.S. Postal Service.