If the U.S. Postal Service gets its way, the price of a first-class stamp will go up for the fourth time in less than two years.
The USPS is proposing hiking the cost of a first-class stamp to 73 cents, or roughly 7% on all forms of postage.
If approved, the plan, which was announced on Tuesday, will raise the price of metered 1-ounce letters to 69 cents, international ounce-size letters and postcards to $1.65 and domestic postcards to 56 cents.
The proposal has been sent to the independent Postal Regulatory Commission for final approval. If the commission signs off, the new prices will take effect in July.
The price-hike proposal comes after the USPS raised the cost of a first-class stamp to 68 cents from 66 cents on Jan. 21. Stamp prices rose twice in 2023.
In the past 20 years, the price of a first-class stamp has climbed about 84%.
