It marks the third price hike in about one year.
To cope with the rising cost of operations, the United States Postal Service is set to increase the cost of postage effective Jan. 22. Prices are going up about 4.2%, with first-class Forever stamp prices increasing by 3 cents from 60 cents to 63 cents.
The U.S. Postal Service is also raising other rates including international mail and metered letters as well as fees for post office boxes, money orders and other special services.
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