U.S. Postal Service Aims to Raise Stamp Prices in 2024

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The price of stamps is about to go up again. The US Postal Service says it wants to raise stamp prices on first class stamps by two cents to 68 cents. The price hike will need to be approved by the Postal Regulatory Commission and would raise mailing service product prices by 2% which is less than it has been before. The U SPS said the changes would be effective starting January 21st, stamp prices went up 32% over the last four years. You may remember just in 2019, 1st class stamps cost 50 cents. The US Postal service said last week, quote, an inflationary pressure 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 and