If you haven’t heard, last Tuesday regulators gave the go-ahead to a temporary price increase of 3 cents for a first-class stamp–that brings the price of the stamp to 49 cents. The post office cites the reason for the increase is to help them recover from the severe mail decreases caused by the 2008 economic downturn.
The higher rate is not supposed to last more than two years. Forever stamps can be bought at a lower price until the new rate becomes effective on January 26th.
There will also be a 6 percent rise in bulk mail, periodicals, and package service rates.