USPS Hiking Stamp Prices 4.8% This Summer to Combat Losses

Key Details The U.S. Postal Service announced a 4.8% price increase set to take effect July 12, pending regulatory approval. First-Class Forever stamps will jump from 78 cents to 82 cents, while the additional-ounce rate stays at 29 cents. The agency is also implementing an 8% surcharge on transportation costs to address fuel expenses. Why It Matters USPS is facing a $9.5 billion net loss in fiscal year 2025 and risks running out of cash within a year without congressional action. The carrier is deploying all available tools to maintain liquidity and continue universal service operations nationwide. Additional Moves Beyond rate hikes, USPS temporarily suspended employer retirement contributions to the Federal Employees Retirement System, a measure last used in 2011. Postmaster General David Steiner previously pushed for stamps to reach 95 cents but settled on this increase. The agency emphasizes current and future retirees won't be impacted by the temporary withholding. Context USPS, self-funded without tax dollars, is adjusting prices across First-Class Mail, periodicals, marketing mail, and package services. The Postal Regulatory Commission will review the proposed changes before the July implementation date.