The Postal Service said the increases in first-class mail equate to approximately a 4.2% hike and that they are being made “to offset the rise in inflation.”
On Sunday, Jan. 22, new postage rates go into effect. The cost for sending a 1-ounce letter via first-class domestic increases by 3 cents to $.63 and the cost for mailing a postcard goes up by 4 cents to $.48, according to the U.S. Postal Service.
“As operating expenses continue to rise, these price adjustments provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan,” the Postal Service said in a statement. “The prices of the U.S. Postal Service remain among the most affordable in the world.”
The last rate increases occurred just six months ago. At that time, the cost for sending a 1-ounce letter went up by 2 cents to $.60. If you’re of a certain age and feeling nostalgic, you might recall when mailing a letter cost no more than a dime. That was back in the mid ‘70s. In 2018, the rate hit the 50-cent mark.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lunar New Year 2023: Year of the RabbitThe Lunar New Year, also known as Chinese New Year, is a celebration of the new year that begins Sunday, Jan. 22, and ends on Sunday, Feb. 5.
Read more »
NYC celebrates Lunar New YearLunar New Year and the Year of the Rabbit begins Sunday, January 22.
Read more »
NYC celebrates beginning of Lunar New YearThe Lunar New Year and the Year of the Rabbit begin Sunday, January 22.
Read more »