Stamp Price Increase - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Stamp Price Increase

Posted: Updated:
Starting Sunday, the U.S. Post Office is raising the price of stamps by three cents.  Now they will be 49-cents.

This is the largest increase in postage prices in more than a decade.  The price jump comes after the agencies regulator gave the green light back in December.  It was done in order to keep up with inflation and recoup losses incurred during the great recession.

In November, the agency announced it lost $5-billion in the latest fiscal year.  On top of that, the agency exhausted a $15-billion loan from taxpayers to make up for the shortfalls.