INLAND EMPIRE – (INT) – So-called ‘Forever’ stamps for ‘snail mail’ have become more pricey.

The value of a ‘Forever’ stamp has jumped a full nickel to 55-cents.

The Postal Service implemented the single, biggest price increase in its history on Sunday, from 50-cents to 55-cents.

Five-years ago, a 3-cent increase was considered the biggest price hike for a First Class stamp. Ten years ago, a single stamp was worth 44-cents.

The Postal Service has been mired in red ink for years. The USPS figures the latest increase will generate at least $2 billion a year.

For customers, the only hedge against future price hikes lies in purchasing ‘Forever’ stamps now which are good until they are used.

Story Date: January 29, 2019