USPS’s stamp price increase goes into effect July 13

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It’s your last chance to get a 73 cent Forever stamp, because stamp prices are going up, again.

The United States Postal Service (USPS) will be raising the first-class Forever stamp price, as well as other products, on Sunday, July 13, USPS Senior Public Relations Representative Marti Johnson confirmed on Saturday, July 12.

“The Postal Service’s Market Dominant and Competitive Services price increases take effect this weekend,” Johnson said.

The Postal Regulatory Commission (PRC), the federal agency that oversees the postal service, had been weighing approving a 5-cent spike on the stamp, according to a news release in May. The price increase has since been approved by the commission, according to Johnson.

“The Postal Service continues to take a rational and realistic approach to pricing that includes prudent implementation of new and existing pricing authorities, with letter prices still significantly lower than other comparable foreign posts,” Johnson previously told USA TODAY.

Why is the cost of stamps rising?

In an April news release, USPS said the price adjustments are “needed to achieve the financial stability sought by the organization’s Delivering for America 10-year plan,” adding its prices “remain among the most affordable in the world.”

The changes are expected to increase mailing service product prices by 7.4%, the USPS wrote in the release.