WASHINGTON — The United States Postal Service is looking to raise its prices for the second time in as many years.
The USPS filed notice with the Postal Regulatory Commission of its intended price changes on Wednesday. In a news release announcing the move, the postal service said that the new prices, if approved, would go into effect July 10, 2022.
USPS last raised prices in August 2021, when stamps went from 55 cents to 58 cents, CBS News reported.
The new proposed prices would raise First-Class rates by 6.5%, which USPS noted “is lower than the Bureau of Labor Statistics annual inflation rate of 7.9% as of the end of February.”
The proposed price change would mean a Forever stamp would cost 60 cents, up from 58. Each additional ounce would cost 24 cents instead of the current 20 cents, and domestic postcards would cost 44 cents, up from 40 cents.
The request from USPS came the same day President Joe Biden signed the Postal Service Reform Act, which provides billions of dollars in direct and indirect support for USPS in an effort to help the struggling agency.
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