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U.S. Stamp Prices Dropped

 

Last updated 4/11/2016 at 7:14am



The Postal Service brought into effect a price reduction Sunday. April 10 which it says will cost them $2 billion per year.

Postal customers throughout the United States will now be paying :

Letters (1 oz.): current price is 49 cents; new price is 47 cents

Letters additional ounces: curent prices is 22 cents; new price is 21 cents

Letters to all international destinations: current price is $1.20; new prices is $1.15

The decrease is due to the mandated removal of a surcharge that was put in to place in January of 2014. The Postal Regulatory Commission, or PRC, had allowed the agency to implement the excess fees following the recession, but they were only approved through April 9.

Although customers will be happy to hear the news, postal officials say the reduction will cost them an estimated $2 billion per year.

“Given our precarious financial condition and ongoing business needs, the price reduction required by the PRC exacerbates our losses,” said Megan J. Brennan, Postmaster General and CEO. “This unfortunate decision heightens the importance of the review of our ratemaking system which our regulator is required to conduct later this year.”

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