I don’t think we use the US Postal Service in the same way we did years ago. We have many options to pay our bills and correspond with others. But we still send letters and the parcel side of the USPS is busier than ever. Well there’s been another federally approved price increase for postage stamps. Now might be a time to stock up before the increase goes into effect especially if you use a lot of postage for your business or personal life. While the postage stamp price increase has not officially been approved by the Postal Regulatory Commission, it is very likely that the United States Postal Service (USPS) will implement the price hike on July 9, 2023. In January, the USPS Board of Governors approved the price increase on postage stamps, which the USPS claimed was a necessary maneuver to offset the rise of inflation. The price of postage stamps will increase by 3 cents. Currently, postage stamps cost $0.63, but they will likely cost $0.66 this summer—a 5.4% increase. This continues a longstanding trend of steadily increasing postage stamp prices; in early 2019, they rose from $0.50 to $0.55. If you post a lot of letters, try to buy stamps in bulk before the price hike. You can buy stamps in bulk directly from USPS’s Postal Store, as well as on Amazon or Tanga. Be sure to buy from accredited e-retailers, as postage stamp scams do exist!
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