If you were hoping to stock up on stamps before the price jumped, you’re out of luck. The cost of a Forever stamp just went up from 60 cents to 63 cents on Sunday (Jan. 22).
The cost of mailing a postcard is also higher. Instead of 44 cents, it’s 48 cents. According to the US Postal Service, the increased prices are meant to offset inflation. The rise in cost was initially announced in October 2022.
“As operating expenses continue to rise, these price adjustments provide the Postal Service with much-needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan,” the Postal Service said in a statement.
The 10-year plan began in 2021. According to officials, the Postal Service will start achieving a net income within the first three years and a “break-even operating performance over the next 10 years.”