Cost of stamps to go up 2 cents

February 11th, 2009

Sending a letter will soon be a little more expensive, the U.S. Postal Service announced Tuesday.

The price for a first-class mail stamp will increase 2 cents to 44 cents, starting May 11.

The Postal Service said the price increase was necessary because of rising production costs. Under law, the price of stamps is not allowed to rise faster than the U.S. consumer price index, which measures inflation.

According to a written release, the increase will cost the typical family about $3 a year.

Until the new prices go into effect, customers can buy "Forever Stamps" at the current 42-cent rate.

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