--- title: Stamp Prices Are Going Up This Summer — Again description: The USPS is raising stamp prices again. The upcoming change would be the second price hike in 2023 and make the cost of a stamp 66 cents. authors: - name: Pete Grieve role: Lead News Reporter url: https://money.com/author/pete-grieve/ bio: Pete Grieve is a personal finance reporter. In his time at Money, Pete has covered everything from car buying to credit cards to the housing market. education: University of Chicago, BA Political Science at_money_since: 2022 articles: 602 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://twitter.com/pete_grieve - https://linkedin.com/in/pete-grieve-b5aa02138 - https://www.facebook.com/petegrieve4 editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2023-04-12T18:24:41.000Z' modified: '2023-04-12T18:24:41.000Z' section: Economy and Politics tags: - News word_count: 439 canonical: https://money.com/usps-stamp-prices-increasing-66-cents/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Collage of Postal images](https://img.money.com/2023/04/News-stamp-price-up.jpg) Stamp prices are set to go up again this summer. It would be the second price hike in 2023 and the fourth cost increase for stamps in a two-year span. Citing inflation and ongoing corrections to a “previously defective pricing model,” the U.S. Postal Service (USPS) announced it intends to [raise the cost of a standard Forever stamp](https://about.usps.com/newsroom/national-releases/2023/0410-usps-files-notice-with-prc-for-new-mailing-services-pricing.htm) from 63 cents to 66 cents. The [USPS already increased prices](https://money.com/stamp-prices-increase-usps-63-cents/) once this year, raising the cost of a stamp from 60 cents to 63 stamps in January. As recently as 2019, a stamp cost just 50 cents. The USPS typically operates at a loss, and raising prices is one of the ways officials want to address the problem. While Postmaster General Louis DeJoy noted in a [February meeting](https://about.usps.com/who/leadership/board-governors/#sessions) that the agency is making progress with work-hour reductions and transportation savings, he said “inflation reigns dominant in our cost structure and eliminates the gains we are making.” ## Concerned about a sluggish economy? A High-Yield Savings Account can help ### Everyone should have some cash savings on hand for emergencies and short-term financial goals. Why not have it work in your favor also? Click on your state and open a Discover®️ account today! [Open an Account Today](https://money.com/pr/c134bdb5051a?ap_referrer=%2Fusps-stamp-prices-increasing-66-cents%2F) The 3-cent increase would represent a 5.4% jump in the price of Forever stamps, which cover postage for standard 1-ounce letters. That's a higher percentage than the 5% reading for overall inflation in the economy in the past year from [Wednesday's consumer price index (CPI) report](https://money.com/march-2023-inflation-interest-rates-market/). (Not to mention that this is the USPS's second price increase for 2023; the overall rise in prices of 60 cents to 66 cents this year represents a 10% increase.) Assuming regulators approve the agency's latest proposals, the new USPS pricing will take effect on July 9. ## What it means for you Prices for a range of mailing services will likely rise this summer as the USPS looks to increase its revenue. - Some examples: Mailing a postcard domestically will cost 51 cents, up from the current rate of 48 cents, while sending an international letter will cost $1.50, an increase from today's price of $1.45. - While a 3-cent price increase may sound small, it all adds up over time. The new price of a Forever stamp would reflect an exact doubling of the price since 2000, when stamps cost 33 cents. - In other words, stamp prices have gone up 100% since 2000, while the general inflation has been about 75% since then, according to CPI data. - In its announcement of the changes, the USPS maintains that its prices will still be "among the most affordable in the world.” - Details on other postage price increases are available [here](https://about.usps.com/newsroom/national-releases/2023/0410-usps-files-notice-with-prc-for-new-mailing-services-pricing.htm). ## Save money the right way with a High-Yield Savings Account ### For an easy and effective way of saving money, a High-Yield Savings Account from Barclays is a good bet. Just click below and open your account today. [View Rates](https://money.com/pr/ue555606400c?ap_referrer=%2Fusps-stamp-prices-increasing-66-cents%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/usps-stamp-prices-increasing-66-cents/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Mailing Services", "item": "https://money.com/mailing-services/" }, { "@type": "ListItem", "position": 4, "name": "Stamp Prices Are Going Up This Summer — Again" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/usps-stamp-prices-increasing-66-cents/#webpage", "url": "https://money.com/usps-stamp-prices-increasing-66-cents/", "name": "Stamp Prices Are Going Up This Summer — Again", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2023-04-12T18:24:41.000Z", "mainEntity": { "@id": "https://money.com/usps-stamp-prices-increasing-66-cents/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/usps-stamp-prices-increasing-66-cents/#breadcrumb" }, "dateModified": "2023-04-12T18:24:41.000Z" }, { "@type": "NewsArticle", "headline": "Stamp Prices Are Going Up This Summer — Again", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2023/04/News-stamp-price-up.jpg", "width": 2880, "height": 1920, "caption": "News-stamp-price-up" } ], "author": [ { "@type": "Person", "name": "Pete Grieve", "url": "https://money.com/author/pete-grieve/", "@id": "https://money.com/author/pete-grieve/#author", "description": "Pete Grieve is a personal finance reporter. 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