Postage rates to go up in May

The cost of a first-class stamp will rise to 42 cents starting May 12.

The Associated Press reports the price of the Forever stamp will go up at the same time, meaning those stamps can still be purchased for 41 cents but will remain good for first-class postage after the rate increase takes effect.

The post office has sold 5 billion Forever stamps since they were introduced last April and plans to have an additional 5 billion in stock to meet the expected demand before the May price change, the agency said.

The charge for other services, such as advertising mail, periodicals, packages special services will also change. Changes in the price for Priority Mail and Express Mail will be announced later, the agency said.

Postage rates last went up in May, 2007, with a first-class stamping jumping 2 cents to the current 41-cent rate.

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