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Postal Service: Stamp Prices Are Going Up

MIAMI (CBS4)- The cost of mailing a letter is once again going up across South Florida. That's because the US Postal Service announced Tuesday it will be increasing postage rates.

The increase is expected to take course in January 22, 2012 by one cent -- to 45-cents. It's the first price change for First-Class Mail stamps in more than two and a half years, the USPS said.

The new 45-cent price for Forever stamps is among price changes filed with the Postal Regulatory Commission Tuesday. The move comes at a time the postal service is dealing with major financial issues.

Highlights of the new single-piece First-Class Mail pricing include:

  • Letters (1 oz.) – 1-cent increase to 45 cents
  • Letters additional ounces – unchanged at 20 cents
  • Postcards – 3-cent increase to 32 cents
  • Letters to Canada or Mexico (1 oz.) – 5-cent increase to 85 cents
  • Letters to other international destinations – 7-cent increase to $1.05

Prices also will change for other mailing services, including Standard Mail, Periodicals, Package Services and Extra Services, according to the USPS. Tuesday's announcement does not affect Express Mail and Priority Mail prices.

In the last fiscal year it lost $8 billion, and the numbers are expected to be worse when figures for the 2011 year will be released next month.

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