It's time to stock up on Forever Stamps for the new year—the U.S. Postal Service will soon increase the price of stamps.
On Jan. 26 the cost of a first-class postage stamp rose to 49 cents from 46 cents, according to The Washington Post.
A book of first-class, one-ounce stamps will cost $9.80. Forever Stamps purchased before the increase will still be valid for all one-ounce letters.
The U.S. Postal Service’s regulator approved the increase of about 6 percent, but rejected a request for a permanent increase.
According to the USPS, the increases include:
- Letters (1 oz.) — 3-cent increase to 49 cents
- Letters additional ounces — 1-cent increase to 21 cents
- Letters to all international destinations (1 oz.) — $1.15
- Postcards — 1-cent increase to 34 cents
The rate increase is supposed to boost the USPS' revenue by $2.8 billion in two years to recoup losses suffered in 2008 and 2011, according to the Post.