Starting July 14, a First-Class Forever stamp is set to go from 68 cents to 73 cents. Because Forever stamps hold their value forever (as their name suggests), you can buy as many as you want at the current price, before they each get 5 cents more expensive. If you already have some at home, they will also still be valid after the price hike.
The USPS has been increasing rates of many of its mailing services repeatedly over the past few years. Just recently, in January 2024, the price of a Forever stamp went up by 2 cents.
The increases have all been incremental and small, but when totaled together they have driven up the price of a Forever stamp 33% since the start of 2021.
“As inflationary pressures on operating expenses continue and the effects of a previously defective pricing model are still being felt, these price adjustments are needed to provide the Postal Service with much needed revenue to achieve the financial stability sought by its Delivering for America 10-year plan,” the USPS said.
Also going up on July 14 are:
- Letters (1 oz) from 68-73 cents
- Letters (metered 1 oz) 64-69 cents
- Domestic Postcards 53-56 cents
- International Postcards $1.55-$1.65
- International letter (1 oz) $1.55-$1.65
