Postage price up, USPS says it's only 'temporary'

Tuesday, January 28, 2014 - 8:57am

It's going to cost you a few pennies more to mail a letter. The cost of a first-class postage stamp is now 49 cents — 3 cents more than before, and the largest price hike in the last decade. The new price went into effect on Sunday.

Many people won't feel the increase right away, or at all. East Texans KETK News spoke to say, in the digital-age, fewer people are using their mailbox, "It really doesn't effect  me that much because I pay more of my bills on-line," Sandra Keely of Tyler said. However, some businesses who mail often are feeling the impact, Charles Bullard of Tyler says, "I mail often, and I don't like it."

The cost to send a postcard also went up 13 cents. The United States Postal service says these rate increases are only temporary, and will be in place until 2016.

Forever stamps are good for first-class postage at whatever the future rate.The last increase for stamps was a year ago, when the cost of sending a letter rose by only one penny, to 46 cents.

The Postal Service lost $5 billion last fiscal year and says these minor rate increases will help recoup some of that cost.

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