A postage increase for 2014 will soon go into effect through the U.S. Postal Service. MyFoxDC.com reported Dec. 28 that the cost for a First Class stamp will go from 46 cents to 49 cents effective Jan. 26. This change was announced on Christmas Eve after the Postal Regulatory Commission voted to raise the price of USPS postage.
The USPS rate increase for sending letters, magazines, and packages by six percent is aimed to only be temporary, according to the report. The rates are not expected to be permanent, ending in less than two years. It is being implemented to help the Postal Service recover from significant financial losses. Many, especially businesses, are against the postage increase in 2014 since it is over the above-inflation adjustment amount. Typically the post office only increases the rate of stamps for mailing letters and packages when inflation goes up.
For those wanting to avoid the extra three cents per stamp, a book of First Class Forever Stamps for mailing one-ounce letters is currently at $9.80.
Mail services across the board will be up to six percent more with the postage increase for 2014. USPS has experienced difficult times for many years now when it comes to making any kind of revenue. The postage rate increase is a desperate attempt to see if this will make any kind of difference.