Cost Of Stamps Could Soon Decrease

MINNEAPOLIS (WCCO) – Stamp prices could soon be going down across the country.

The Washington Post reported a DC appeals court ruled the Postal Service cannot permanently sell stamps at $0.49 each.

Up until about a year ago, they cost just $0.46, but jumped when the Postal Service claimed it lost billions of dollars in the recession.

However, regulators said they could only recoup about three-billion from the rate hike. That cap will be reached this summer.

It's unclear when the rates will go down and by how much.