USPS raising price on stamps, other products

Posted at 5:57 AM, Jan 28, 2019
and last updated 2019-01-28 06:57:09-05

The U.S. Post Office is raising prices on stamps and some shipping services.

On Sunday, a first-class one-ounce mail letter went up to 55 cents.

The nickel increase is the largest percentage hike since 1991 when postage increased from 25 to 29 cents.

Forever stamps are also jumping to 55 cents.

And priority mail prices will also jump 5.9 percent, making a small box that previously cost $7.20 to rise to $7.90.

The postal service lost nearly $4 billion in 2018, reportedly from lower mail volume and pension and health care costs.

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