The Cost of Forever Stamps Increasing Again

Starting this Sunday, the cost of a first-class "forever" stamp jumps from 63 cents to 66 cents.  It marks the fifth increase in the price of stamps since 2019.  Just six months ago, forever stamp prices jumped from 60 cents to 63 cents.

The Postal Service's operating revenue was $21.5 billion in the first quarter of this year, an increase of $206 million, though volume declined by 1.7 billion pieces compared to last year.  Officials say the Postal Service had a net loss of $1 billion during the first quarter and the most recent price increase was needed.

Starting July 9, a few other mail services will see price increases as well.  The cost of a first-class one-ounce metered letter will jump to 63 cents, domestic postcards will cost 51 cents, and international postcards and one-ounce letters will both increase to $1.50.

A new package shipping service, USPS Ground Advantage, will become available Sunday, replacing previous plans.

The latest postage increases are part of the Postal Service's 10-year plan to return to profitability.