The cost of mailing a first class letter goes up a penny to 42 cents tomorrow. This is one of what are expected to be annual price adjustments by the Postal Service.
A new law regulating the post office makes it easier to raise rates as long as the agency doesn't exceed the rate of inflation. Rates are to be adjusted each May.
Unlike the Forever stamps, other 41-cent stamps will require additional postage under the new rates. A 42-cent stamp featuring singer and actor Frank Sinatra will be released Tuesday.
The post office says that it had a loss of $700 million in the second quarter . They blame it on declining mail volume and rising fuel prices.
The cost to mail a post card will also go up a penny, to 27 cents.
Other rates set to begin Monday:
• Large envelope, 2 ounces, $1, up 3 cents.
• Money Orders up to $500, $1.05, unchanged.
• Certified mail, $2.70, up 5 cents.
• First-class international letter to Canada or Mexico, 72 cents, up 3 cents.
• First-class international letter to other countries, 94 cents, up 4 cents.
• Priority mail flat-rate envelope, $4.75, up 25 cents.
• Express mail flat-rate envelope, $16.50, up 25 cents.
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