Postage Expected to Go Up in January

The Washington Post reports, "The cost of a postage stamp will climb 2 cents to 46 cents in January if the U.S. Postal Service earns approval for new rate hikes announced Tuesday. The proposed increases push prices beyond the rate of inflation for the first time as USPS tries to close a $7 billion budget gap amid plummeting revenues and mail volume."

According to WP columnist Ed O'Keefe, "Prices also would increase to 30 cents for postcards and magazine publishers would see an 8 percent price jump, according to the proposals."

First-class stamps have cost 44 cents since May 11, 2009, and first-class mail volume continues to drop. Customers who purchase Forever stamps before the price increase could still use them without paying for additional postage.

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