NPR logo

Rate Of First-Class Stamp Increases

  • Download
  • <iframe src="https://www.npr.org/player/embed/266941601/266941602" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Rate Of First-Class Stamp Increases

Business

Rate Of First-Class Stamp Increases

Rate Of First-Class Stamp Increases

  • Download
  • <iframe src="https://www.npr.org/player/embed/266941601/266941602" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

A first-class stamp costs 49 cents as of Monday. That's a three-cent increase. It's the largest increase in consumer postage prices in more than a decade.

STEVE INSKEEP, HOST:

NPR's business news starts with a pricier Pony Express.

(SOUNDBITE OF MUSIC)

INSKEEP: Can I just mention, there was a big snowstorm in Washington, D.C. the other day. Most of the city shut down. My letter carrier arrived. Thank you. Thank you, sir.

It is going to cost a few more pennies, though, to send a letter through the mail. The cost of a first-class postage stamp is now 49 cents - three cents more than previously, the largest increase in consumer postage prices in more than a decade.

The Postal Service lost $5 billion last year, and in an effort to save money, it tried to end Saturday delivery but that was thwarted by Congress.

Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.