NATIONWIDE — The U.S. Postal Service has raised prices on stamps and services.
- Price to mail 1st-class letter goes up to 55 cents
- It's largest percentage increase since 1991
- US Postal Service reported net loss of $3.9B in 2018
Starting Sunday, the price to mail a first-class letter went up from 50 to 55 cents.
The cost of a "forever" stamp also increased to 55 cents.
The nickel increase is the largest percentage price hike since 1991, when the cost of a stamp rose from 25 to 29 cents.
Priority mail prices also jumped 5.9 percent, increasing the cost to mail a small box fro m$7.20 to $7.90.
The Postal Service reported a net loss of $3.9 billion in 2018, blaming lower mail volume and pension and health care costs.
It last increased stamp prices a year ago in January 2018, when the cost rose a penny to 50 cents.