Your Money

Price of Stamps Going Up a Cent in May

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The cost of a first-class postage stamp is going up a penny, starting May 12. To ease the pain the Postal Service is encouraging people to buy "Forever Stamps" — stamps bought at the current price that still work when the cost goes up.

STEVEN INSKEEP, Host:

And let's talk about the fare for your mail. Our last word in business today is 42 cents, which is what a first-class postage stamp will cost you starting May 12. The one penny increase is less than the two cent hike that the U.S. Postal Service imposed last May.

And to ease the pain the Postal Service is encouraging people to buy Forever Stamps. Those are the stamps you buy at the current price but that work even when the cost goes up. The USPS says it has sold five billion Forever Stamps since it started selling them last April, which means the buyers have now saved another five billion cents.

And that's the business news on MORNING EDITION from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, Host:

And I'm Renee Montagne.

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