The price of stamps is going up – again. Here’s when and by how much

The US Postal Service is planning another round of price hikes on postage.

The cost of postage is going to increase on January 22, 2023, according to the USPS. The price of affected postage will go up by 4.2% in order to keep up with inflation.

The price of a first-class Mailforever stamp will increase by 3 cents to 63 cents by early next year, according to the postal service. 60 cents for 1-ounce metered mail and 48 cents for a domestic postcard can be paid by consumers.

The price of stamps went up in July from 58 cents to 60 cents.

USPS said it is seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, money order fees and the cost to purchase insurance when mailing an item

There are new rates.

• 63 cents is the amount of letters.

• The letters are 60 cents.

• Postcards from the US cost 48 cents domestic.

• The postcards are international.

• The international letter is called an international letter.

The postal service doesn't expect to change the price of the single-piece letter or the flat additional-ounce price.

As the USPS works toward becoming self-sustaining, the Postmaster General warned that Americans would see "uncomfortable" hikes in postage rates.

During a Board of Governors meeting, DeJoy said that he believed the company had been damaged by at least 10 years of a faulty pricing model.

The Postal Regulatory Commission is going to review the proposed changes after the governors board approved the latest price increases.

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