While the volume of first-class mail has dropped sharply, from an all-time high of 213 billion pieces in 2006 to only 168 billion in 2011, according to New York Times story, the United States Post Service (USPS) is struggling, showing a loss of $36 million per day.
The most prominent way for the USPS to recover revenue is to raise postage and mailing rates.
Since 1885, when the price for the first ounce of a first-class letter was $0.02, rates have increased 24 times and will jump to $0.46 as of Sunday, January 27, 2013.
According to a press release from the USPS, the price of a Forever Stamp - which allows a customer to send a one-ounce letter anywhere in the United States - will go up one penny to $0.46. Each additional ounce of a first-class letter will stay the same at $0.20.
Additionally, it is introducing an international version, called the "Global Forever Stamp," which will cost $1.10 and cover the cost of a letter mailed to anywhere in the world.
Postcards, which cost $0.01 to mail starting in 1928, have seen rates rise 23 times already, and the 24th increase will take it to $0.33.
The USPS website lists new pricing for Priority Mail Flat Rate as follows:
- Small box — $5.80
- Medium box — $12.35
- Large box — $16.85
- Large APO/FPO box — $14.85
- Regular envelope — $5.60
- Legal envelope — $5.75
- Padded envelope — $5.95