The United States Postal Service announced its plans to raise the prices. The change will take effect on July 10. The price hike will increase the cost of First-Class Mail by 6.5%, and a Forever stamp will rise from 58 cents to 60 cents. See the table below for a complete list of changes.
| USPS Product | Current cost | Cost after July 10 |
| Letters (1 oz.) | 58 cents | 60 cents |
| Letters (metered 1 oz.) | 53 cents | 57 cents |
| Letters (additional ounces) | 20 cents | 24 cents |
| Domestic postcards | 40 cents | 44 cents |
| International letters (1 oz.) | $1.30 | $1.40 |
The price hike, which raises the cost of First-Class Mail by 6.5%, is still lower than high inflation rates, the Postal Service said. The cost of all goods is up 8.6% over the past year, according to the Bureau of Labor Statistics.
USPS Press Release, July 2022
