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The United States Postal Service (USPS) is seeking a rate increase effective July 13, which includes hiking the cost of a first-class stamp from its current rate of 73 cents to 78 cents. This proposal was made on Wednesday to the Postal Regulatory Commission, which must approve the request.
According to the USPS, this 5-cent increase for a “forever” stamp and similar increases for postcards, metered letters, and international mail would result in an approximate 7.4% rise in mailing services product prices. The agency asserts that these price hikes are necessary to achieve financial stability.
Former Postmaster General Louis DeJoy previously warned postal customers to expect “uncomfortable” rate hikes as the USPS strives to become self-sufficient. He emphasized that these increases were overdue, citing a “defective pricing model” in place for at least 10 years.
DeJoy resigned from his position in March after nearly five years of service. His departure came amid discussions regarding the privatization of mail services under President Donald Trump’s Department of Government Efficiency (DOGE) proposal. Deputy Postmaster General Doug Tulino has taken over as interim postmaster general until a permanent replacement for DeJoy is appointed by the Postal Service Board of Governors.
Trump has also expressed his consideration to put USPS under the control of the Commerce Department in an effort to stop losses at the $78 billion-a-year agency, which has struggled with financial stability due to the decline of first-class mail.
This article was originally published on CBS News.
Source: https://www.cbsnews.com/news/usps-prices-forever-stamp-increase-2025/
