ROCHESTER, Minn. (KTTC) – Nothing lasts forever, including the price of a First-Class Mail Forever Stamp. The U.S. Postal Service is increasing its 50-cent forever stamps by a nickel on Jan. 27, making the change the biggest jump in the history of the USPS.
“When you go out and send 80 Christmas cards at one time, you realize that that adds up pretty quick,” said Bobby Anderson of Rochester dropping off mail at the USPS.
While the federal agency is seeing growth in package shipping, it lost nearly $4 billion in 2018, attributing the losses to drops in mail volume and the costs of pensions and health care. This is an increase in net loss of $1.2 billion compared to 2017.
“Everybody has to try to make a profit and make the bottom line so I think we’re probably going to see constant rise no matter where you look and how you spend it,” said Anderson.
Taxpayers do not fund the agency. The USPS runs on the sale of its products and services.
Huong Nguyen dropped off a package at a USPS office in Rochester.
“Five cents, it’s not that bad,” Nguyen said.
Each additional letter ounce will cost 15 cents, a decrease from 21 cents. The cost to mail a 2-ounce stamped letter will drop from 71 cents to 70 cents. The cost of a postcard remains fixed at 35 cents.
The price changes for Mailing Services:
- Letters (1 oz.) 50 cents to 55 cents
- Letters additional ounces 21 cents to 15 cents
- Letters (metered 1 oz.) 47 cents to 50 cents
- Outbound International Letters (1 oz.) $1.15 to $1.15
- Domestic Postcards 35 cents to 35 cents
Domestic Priority Mail Retail Flat Rate price changes:
- Small Flat Rate Box $7.20 to $7.90
- Medium Flat Rate Box $13.65 to $14.35
- Large Flat Rate Box $18.90 to $19.95
- APO/FPO Large Flat Rate Box $17.40 to $18.45
- Regular Flat Rate Envelope $6.70 to $7.35
- Legal Flat Rate Envelope $7.00 to $7.65
- Padded Flat Rate Envelope $7.25 to $8.00
USPS said it had expected 16 billion letters, gifts, and packages to be sent out between Thanksgiving and New Year’s Eve. The estimate for 2017 was 15 billion.