WASHINGTON — Stamp prices will be on the rise yet again this weekend.
Starting Sunday, the cost of the first-class “forever” stamps will jump from 66 to 68 cents. The latest price comes after forever stamps increased twice last year.
In January 2023, forever stamps climbed from 60 to 63 cents and then moved from 63 to 66 in July 2023.
The prices for domestic postcard stamps will increase from 51 to 53 cents and international postcards go from $1.50 to $1.55.
When announcing its intention to raise forever stamp prices late last year, the USPS cited rising “operating expenses fueled by inflation” and the impacts of “a previously defective pricing model” — noting that changes to mail service costs “are needed to provide the Postal Service with much needed revenue.”
This was also the explanation given when announcing last year's stamp increase.
The postal service stated that its prices remain among the most affordable in the world.
Sunday marks the sixth jump in forever stamp prices seen since the start of 2019, when the postage cost 50 cents apiece.
When adjusted for inflation, 50 cents in January 2019 equates to about 61 cents in the spring of 2023, according to the Bureau of Labor Statistics’ CPI inflation calculator.
The Associated Press contributed to this report.
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