Tuesday, May 12, 2009

Peel 'em and weep: Stamps rise 2 cents

The post office wants two more pennies for your thoughts.

The price of a first-class stamp for mailing a letter or paying a bill climbed to 44 cents Monday, though folks who planned ahead and stocked up on Forever stamps will still be paying the lower rate.

It's the third straight year rates have gone up in May under a new system that allows annual increases as long as they don't exceed the rate of inflation for the year before.While the new 44-cent rate covers the first ounce of first-class mail, the price for each additional ounce will remain unchanged at 17 cents. Postal officials estimate the increase will cost the average household $3 a year.

Most other Postal Service prices were adjusted in January and won't change now.—

The Associated Press
Copyright © 2009, South Florida Sun-Sentinel, MDI Lists

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