Here is the price of a Forever stamp as of Sunday.


The U.S. Postal Service attributes a number of pricing increases to rising operating costs and inflation.

Indiana City A letter in the US will soon be a little more expensive to mail.

A first-class mail "Forever" stamp will cost 60 cents starting of this coming Sunday. Over the current price of 58 cents, that represents a two-cent increase.

 

Additionally, the cost of sending an international letter and domestic postcards is rising. A one-ounce letter will now cost $1.40, an increase of 10 cents from the previous price, while the cost of postage for a postcard will rise from 40 to 44 cents.

Other price hikes that go into effect on July 10 include those for Certified Mail, renting a Post Office Box, paying money order fees, and paying for insurance when mailing something.

The U.S. Postal Service attributes the price rise to rising operating costs and inflation.

 

In May, Postmaster General Louis DeJoy warned that while the USPS tries to become self-sufficient, Americans should prepare for "uncomfortable" price increases in the years to come.

In a Board of Governors meeting, he stated, "I feel we have been seriously harmed by at least 10 years of a flawed pricing model which cannot be fulfilled by one or two annual price rises, especially in current inflationary context.

The postal service disclosed a loss of roughly $1.7 billion for the most recent quarter at that meeting.

(This report was supported by The Associated Press.)