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How Much Does A Postage Stamp Cost For 2020
Effective January 26, 2020 the cost of sending a first class (1) ounce letter sent through the United States Post Office will stay at $0.55 for letters mailed within the United States. For any extra ounces - same case - they too are unchanged from the prior year.
These fees will continue to apply for an indeterminate period of time.
Before this, on January 27, 2019 the price went from $0.50 to $0.55 with extra ounces subject to a fee of $0.15 per added ounce that was a drop from $0.21. The history prior to this - on January 21,2018 - the post office bumped the fee from$0.49 to $0.50 for letters. On January 22, 2017 the Post Office increased the fee from $0.47 to $0.49 (reversing the $0.2 price drop from $0.49 to $0.47 effective April 10, 2016). That $0.49 was the amount that went into effect January 26, 2014 as the result of a $0.03 increase from $0.46.
Letters destined for Canada and Mexico - for a (1) ounce first class letter remain at $1.15 with the global forever stamp - applying to all international destinations.
As the new increases reflect an effort by the UPS to raise needed funds, the rate at which the Post Office can take charges higher is based on an inflationary rate that comes from the CPI.
HistoryThe most recent price adjustment is the result of the filing by the U.S. Postal Service of a notice of mailing services price adjustments with the Postal Regulatory Commission (PRC).
During fiscal year 2019 the Postal Service reported a huge net loss of $8.8 billion, that was $4.9 billion more than reported in 2018 ($3.9 billion loss.) For 2017 they reported losses of $2.7 billion. For the year 2016 the number was $2.8 billion.
- How massively things have changed with stamps since 1853, the first year stamps were put into use.
TipsSome consumers buy extra forever stamps since they are claimed to send even when higher postage surpasses these rates in the years ahead. While postage continues to go up, there are still options like electronic mail, or a phone plan with generous or unlimited long distance/texting such as with some of the cell phone carriers. For mailing out bills, many companies have switched to the online payment option - that is, if you are comfortable with its measure of safety.