Mailing a letter the snail way will cost 2 cents more in May. First class stamps in the United States will cost 44 cents starting May 11. You can still stock up on the current 42 cent variety though until that date.
The current stamp will be valid in the future even as the price is hiked up in the future.
The Associated Press reports:
"The Postal Service is not immune to rising costs which are affecting homes and businesses across America today," said Postmaster General John Potter. "Even with the increases, the Postal Service continues to offer some of the lowest postage prices in the world."
The Postal Service lost $2.8 billion last year. The specs aren't looking up for this year with the economy declining.
The post office will be cutting costs by reducing their work hours and going to a five day work week.
On May 11 other changes will take place at the post office. The postcard stamp is going to 28 cents and that first ounce on a large envelope will increase 5 cents. New international postcard and letter prices are, for one ounce, 75 cents to Canada; 79 cents to Mexico; and 98 cents elsewhere.
Shipping costs though will remain the same. They were already adjusted this past January.