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."