First-class Stamps to Cost 49 Cents as of Jan. 26

Associated Press

WASHINGTON (AP) — Mailing a letter is about to get a little more expensive.

Postal regulators on Tuesday approved a price hike of 3 cents for a first-class stamp, bringing the charge to 49 cents a letter.

The independent Postal Regulatory Commission said the change was justified by severe mail volume decreases since 2008.

The new price is effective Jan. 26 and will last no more than two years, allowing the Postal Service to recoup $2.8 billion in losses.

Regulators rejected a request to make the price hike permanent.

Bulk mail, periodicals and package service rates rise 6 percent.

The mail industry opposes the price increases. It says charities using mass mailings and bookstores competing with Amazon will suffer.

The Postal Service says it lost $5 billion in the last fiscal year.

  • alpinequeen

    Ah, big deal! First class used to be three cents and we had penny post cards too. And gas was 29 cents and hamburger was 59 cents a pound and you could get a bag of Mickey D’s burgers for a buck when they had the salt shaker chained to the counter. And you could ride the White Circle line bus from Longmeadow to Springfield for a quarter. Geesh. Get over it.