USPS Stamp Price Increase July 2022
The anticipated USPS postal stamp increase is going ahead and comes into effect from the 10th of July 2022. The standard Forever stamp price is increasing from 58 cents to 60 cents. The Forever stamp as its name suggests means that it is valid forever, so even if you bought a stamp 10 years ago at a cheaper price, you could still use it today or in a couple of weeks when the new price comes into play.
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This means that if you use a lot of stamps and can stomach a significant upfront stamp investment you could purchase a bunch of Forever stamps at the current price before the 2 cents increase on the 10th of July.
Whilst the price hike may feel significant, especially considering the price increased less than a year ago from 55 cents to 58 cents, USPS is keen to point out that this price increase is 6.5% and still lower than the current high inflation rates.
Customers Should Prepare For More USPS Stamp Price Increases
Purchasing Forever stamps at the current price could be a shrewd move for not just businesses but for regular users too as Postmaster General Louis DeJoy said that Americans should get used to ‘uncomfortable’ postage rate increases over the coming years. This is down to his Delivering for America plan as he tries to bring the postal service into a self-sustaining environment.
“I believe we have been severely damaged by at least 10 years of a defective pricing model which cannot be satisfied by one or two annual price increases, especially in this inflationary environment,”Louis Dejoy, Postmaster General
Stamps are not the only USPS product getting hit with a price increase. You can check out some of the other price increases taking place in the table below:
|USPS Product||Current cost||Cost after July 10|
|Letters (1 oz.)||58 cents||60 cents|
|Letters (metered 1 oz.)||53 cents||57 cents|
|Letters (additional ounces)||20 cents||24 cents|
|Domestic postcards||40 cents||44 cents|
|International letters (1 oz.)||$1.30||$1.40|
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Dave is a Co-Founder of eSeller365. For over 10 years he has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant, he built an education platform called UnderstandingE that showed the world how to utilize Magento as the “Third Generation of Multi-Channel software”.
Dave has also created a YouTube channel dedicated to entrepreneurship and eCommerce as well as a podcast dedicated to mental health awareness. When Dave isn’t working his main interests include learning and playing Chess, researching the Crypto and NFT space, and trying to find the nearest beach.