USPS First-Class Stamp Prices Will Increase Again in 2024
Starting on July 14, the price of a First-Class Forever stamp will rise to 73 cents, a 5-cent increase from the current price of 68 cents.
This marks the second price increase for Forever stamps this year. In January, the price rose from 66 to 68 cents.
Despite these increases, USPS states that its prices “remain among the most affordable in the world.”
Forever stamps retain their value indefinitely, so you can purchase them at the current price before they increase by 5 cents. Any stamps you already own will remain valid after the price hike.
The United States Postal Service has raised rates for many of its mailing services in recent years. Most recently, in January 2024, the price of a Forever stamp increased by 2 cents. Overall, the price of a Forever stamp has risen by 33% since early 2021.
These price adjustments are necessary to provide the Postal Service with the revenue needed to achieve the financial stability sought by its 10-year plan, “Delivering for America.” This plan, proposed by Postmaster General Louis DeJoy, aims to modernize and improve postal services.
Here are some additional details about the price increase:
- Forever stamps retain their value indefinitely, so you can buy them now at the current price and use them in the future.
- The price increase also applies to other postal products, such as postcards and international mail.
- USPS says the price hikes are necessary to cover rising operational costs, including inflation, delivery expenses, and retirements.
If you’re concerned about the price increase, consider the following options:
- Stock up on Forever stamps at the current price.
- Use digital postage stamps. USPS offers digital postage stamps that you can purchase online and print at home.
- Consider alternatives to postal mail, such as email or courier services.
Other Shipping Price Changes Taking Effect This Week Include:
| Product | Current Price | Price After July 14 |
|---|---|---|
| Letters (1 oz.) | 68 cents | 73 cents |
| Letters (metered 1 oz.) | 64 cents | 69 cents |
| Domestic Postcards | 53 cents | 56 cents |
| International Postcards | $1.55 | $1.65 |
| International Letter (1 oz.) | $1.55 | $1.65 |
Image: Wfla
