The U.S. Postal Service (USPS) is set to increase the price of postage stamps starting July 14, 2024.

The cost of a first-class mail “Forever” stamp will rise from 68 cents to 73 cents, marking a 5% increase.

This will be the second price hike in 2024 alone, following an earlier increase in January.

The USPS attributes these adjustments to financial needs, aiming to sustain its operational health, Fox Business has reported.

Additionally, proposed changes include higher prices for international postcards and letters, while certain services like Post Office Box rental fees will remain unchanged or reduced in cost.

Written by B.C. Begley