Price of Stamp Likely to Hit 37 Cents Next Year
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From Times Wire Reports
The cost of mailing a letter probably will go up again next year, jumping 3 cents to 37 cents.
Citing a looming $1.65-billion deficit, the U.S. Postal Service announced it will seek rate increases averaging about 9% for various types of mail, including the boost for personal letters.
The current 34-cent mail rate took effect in January.
The Mailers Council, a trade group that represents high-volume shippers, predicted the new increases are unlikely to boost postal revenue because they will most likely result in a decline in the amount of mail.
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