4:59pm

Tue December 24, 2013
The Two-Way

First-Class Postage Rate Will Rise To 49 Cents Next Month

Originally published on Tue December 24, 2013 7:56 pm

You'll soon need some 3-cent stamps to go with those 46-cent ones.

Regulators on Tuesday authorized the increase, and beginning Jan. 26, it'll cost 49 cents to send a first-class letter. Bulk rate mail, periodicals and package service rates will go up 6 percent, The Associated Press says.

Regulators rejected a request to make the price hike permanent and say instead that it will last no longer than two years, by which time the U.S. Postal Service should have recouped $2.8 billion in losses.

The AP says:

"The independent Postal Regulatory Commission said the change was justified by severe mail volume decreases since 2008."

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