What to Know About Forever Stamps Price Increase 2024

The Forever Stamp price increase in 2024 is a significant change for postal customers. The price of a Forever Stamp will increase to 68 cents in 2024.

This change affects the cost of mailing letters and other postage-weight items. The new price will be in effect starting January 2024.

The price increase is due to the rising costs of postal services and the need to keep up with inflation. This means that sending letters and packages will be a bit more expensive in the coming year.

The Forever Stamp price increase is a change that you should be aware of if you regularly send mail.

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The price of a Forever stamp is set to increase again, this time to 78 cents, up from 73 cents. This is the latest in a series of price hikes for the popular stamps.

The U.S. Postal Service filed notice with the Postal Regulatory Commission seeking to raise the cost of a Forever Stamp effective July 13. The new rate includes a 5-cent increase from 73 cents to 78 cents.

For your interest: Current Us Postal Rates 2024

The price of a Forever Stamp has increased multiple times in recent years, with the last increase happening in July 2024 from 68 cents to 73 cents. Prior to that, the price rose from 66 cents to 68 cents in January 2024.

Here are the new prices for various mail services:

Not all prices are increasing, however. The cost of postal insurance will be reduced by 12%.

The price increase of forever stamps in 2024 has significant implications for mailers and the postal service. The new price of $0.68 per stamp is a 5 cent increase from the previous price of $0.63.

This increase will likely affect the bottom line of small businesses and individuals who rely heavily on mail services. According to the article, the US Postal Service is projected to lose $160 billion by 2030 if it doesn't increase prices.

As a result, the price increase is expected to bring in an additional $1.1 billion in revenue for the postal service. This revenue will help offset the costs of maintaining and upgrading the postal service's infrastructure.

For another approach, see: Postage and Revenue Stamp

The increased cost of stamps will also lead to higher costs for businesses and individuals who send large volumes of mail. For example, a company that sends 10,000 stamps per month will see an additional $50 in costs per month.

The price increase is a necessary step to ensure the long-term sustainability of the postal service. Without it, the service would be unable to maintain its current level of operations.