The cost to mail a letter is going up–again

July 10, 2023

The cost of mailing a letter, greeting card, or bill payment in 2023 is going up—again. Less than three months after raising the cost of a Forever stamp to 63 cents, the U.S. Postal Service has announced that the price of the stamp will be hiked to 66 cents on Sunday, July 9, reports The Florida Times Union.

The 5.4% increase, approved by the Governors of the U.S. Postal Service, must be approved by the Postal Regulatory Commission. The proposed increase is necessary to offset the rise in inflation, the USPS said in a news release.

A year ago, when the price of the stamp was just 58 cents, Postmaster General Louis DeJoy said he expected the Postal Service to continue to raise prices “at an uncomfortable rate” until the agency becomes self-sufficient.

As its name implies, you can use a Forever stamp, regardless of what price you paid for it or when you bought it. The first Forever stamp, featuring an image of the Liberty Bell, went on sale in April 2007, according to the USPS, at a cost of 41 cents.

But what about postcards and metered letters? Other planned postage rate increases include:

  • Letters (1 ounce): 66 cents, up from 63 cents;
  • Letters (metered, 1 ounce): 63 cents, up from 60 cents;
  • Domestic postcards: 51 cents, up from 48 cents;
  • International postcards: $1.50, up from $1.45; and
  • International letters: $1.50, up from $1.45.

Research contact: @flatimes1