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USPS to raise the price of a Forever stamp to 82 cents on Sunday. Here's what to know.
CBS News • • business
Key Points:
- The U.S. Postal Service will increase the price of a first-class Forever stamp from 78 cents to 82 cents starting July 12, marking the sixth price hike in five years to address financial losses.
- The USPS has faced rising operating costs and declining mail volumes, resulting in a $9 billion loss in fiscal 2025, with expenses outpacing revenue growth.
- Other postage products, including domestic postcards and international letters, will also see price increases on July 12.
- USPS officials have indicated that further price hikes are likely, with Postmaster General David Steiner suggesting first-class stamps may need to reach 90 to 95 cents to stabilize finances.
- Older Forever stamps purchased before the price increase will remain valid and cover the current postage cost despite the new rates.
