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Postage rates increase, “forever stamp” still valid
May 09, 2008
The cost of mailing a letter will increase on May 12 to 42 cents, but customers can continue to use the “forever stamps” introduced last year.
The forever stamp can be used to mail one-ounce first-class letters anytime in the future, regardless of how rates rise. As of May 12, the forever stamp will also cost 42 cents.
The U.S. Postal Service’s Board of Governors deemed it necessary to raise postage rates due to the rising fuel costs, explained Larry Barnes, mail services supervisor. The average increase is at or below the rate of inflation.
According to the Postal Accountability and Enhancement Act, USPS adjusts the mailing prices each May. By law, the average price increase can be no more than the rate of inflation, as measured by the Consumer Price Index.
Last year, the postal service changed its pricing structure. The cost to mail a package went from being determined solely by weight to taking into account both the weight and shape of the package.
For example, a two-ounce letter-sized envelope costs less than a large, flat envelope. This is because mailers can reduce postage by as much as 41 cents if the contents of the large envelope are folded and placed in the letter-sized envelope.
To learn more, visit www.usps.com or contact Mail Services at ext. 7438.
The U.S. Postal Service’s Board of Governors deemed it necessary to raise postage rates due to the rising fuel costs, explained Larry Barnes, mail services supervisor. The average increase is at or below the rate of inflation.
According to the Postal Accountability and Enhancement Act, USPS adjusts the mailing prices each May. By law, the average price increase can be no more than the rate of inflation, as measured by the Consumer Price Index.
Last year, the postal service changed its pricing structure. The cost to mail a package went from being determined solely by weight to taking into account both the weight and shape of the package.
For example, a two-ounce letter-sized envelope costs less than a large, flat envelope. This is because mailers can reduce postage by as much as 41 cents if the contents of the large envelope are folded and placed in the letter-sized envelope.
To learn more, visit www.usps.com or contact Mail Services at ext. 7438.