National News

USPS: Price of stamps to rise by three cents this week

July 8, 2023 / 10:21 AM EDT / CBS Pittsburgh

CBS News Pittsburgh

PITTSBURGH (KDKA) - If you're looking to send out mail this coming week, today is the last day to grab some stamps before the prices rise.

Beginning tomorrow, first-class stamps will cost 66 cents, up from 63 cents.

According to the U.S. Postal Service, the increase is necessary to offset rising operating expenses.

The agency is expected to lose $4.5 billion this coming year.

U.S. Postal Service

Patrick Damp

Patrick Damp is a web producer for CBS Pittsburgh. A Pittsburgh native who grew up watching KDKA-TV, Patrick studied journalism at Indiana University of Pennsylvania. After half a decade in sports communication, Patrick decided to pursue his dream of working in journalism in his hometown and joined the CBS Pittsburgh team in 2019.