Postal rates to increase in price

If you haven’t heard already, the cost of sending mail through the U.S. Postal Service is about to go up… again.

You have some time to stockpile those Forever Stamps at the current price of 55 cents, however those same stamps will cost you 58 cents each, starting Aug. 29.  

The rate hike was approved by the Postal Regulatory Commission. USPS hopes to stay competitive in its rates, while getting some much-needed revenue.  

Stamps will now cost 58 cents, flat single-pieces will go to $1.16, presort letters will be 43.3 cents, the cost of a money order will increase to $1.45, return receipts will be priced at $3.05, and certified mail increases to $3.75.

It’s the second time postal rates have gone up this year. USPS still believes you’re getting a bargain when compared to other countries, as shown by this chart.  

You can read more when you visit the U.S. Postal Service website.