First-class stamps to cost 49 cents as of Jan. 26

By: The Associated Press
By: The Associated Press

Wednesday, Dec. 25, 2013

WASHINGTON (AP) -- It's about to cost close to 50 cents to mail a letter.

Regulators have approved a temporary price hike of 3 cents for a first-class stamp, bringing the cost of mailing a letter to 49 cents, beginning Jan. 26.

The Postal Service hopes the higher rate will help it recoup about $2.8 billion in losses.

The price hike is to last no more than two years.

(Copyright 2013, The Associated Press)


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