{"id":33764,"date":"2023-07-10T14:37:00","date_gmt":"2023-07-10T18:37:00","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/usps-raises-stamp-prices-for-the-third-time-in-past-year\/"},"modified":"2023-07-10T14:37:02","modified_gmt":"2023-07-10T18:37:02","slug":"usps-raises-stamp-prices-for-the-third-time-in-past-year","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=33764","title":{"rendered":"USPS raises stamp prices for the third time in past year"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002259854\" role=\"document\">\n<p>The cost of a postage stamp went up by 3 cents on Sunday, marking the third increase in the price of stamps over the past 12 months by the U.S. Postal Service.<\/p>\n<p>The price of a domestic first-class forever stamp \u2014 the type of stamp used to mail a first-class letter \u2014 rose to 66 cents from 63 cents. The increase went into effect on July 9.<\/p>\n<div class=\"paywall\">\n<p>The U.S. Postal Service said the 4.8% increase in price was necessary to \u201coffset the rise in inflation.\u201d The post office also raised the price of mailing domestic postcards, international postcards and international letters.<\/p>\n<p>The price of stamps last increased in January, when postage went from 58 cents to 60 cents.<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>From the 1970s to 2000, the price of stamps went up about three to four times per decade, according to postal service data. But hikes have been coming more frequently over the past couple of decades: Stamp prices increased six times in the 2000s and seven times in the 2010s.<\/p>\n<p>\u201cThese price adjustments are needed to provide the Postal Service with much-needed revenue,\u201d the post office said.<\/p>\n<p>The U.S. Postal Service handled more than 127 billion pieces of mail in 2022, compared with 207 billion in 2000.<\/p>\n<p><strong>Read more: <\/strong>USPS will electrify entire mail-delivery fleet within just a few years<\/p>\n<p>The change in stamp prices comes a few weeks after the post office issued a warning about check fraud after a recent surge in attacks on letter carriers. Dropping off your mail at a post office instead of in a blue mailbox is safer, the postal service said.<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/usps-raises-stamp-prices-for-the-third-time-in-past-year-ec746ded?mod=personal-finance\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cost of a postage stamp went up by 3 cents on Sunday, marking the third increase in the price of stamps over the past 12 months by the U.S. Postal Service. The price of a domestic first-class forever stamp \u2014 the type of stamp used to mail a first-class letter \u2014 rose to 66 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":33765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-33764","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>USPS raises stamp prices for the third time in past year | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The cost of a postage stamp went up by 3 cents on Sunday, marking the third increase in the price of stamps over the past 12 months by the U.S. Postal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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