USPS to Raise Postage Stamp Prices by 7.8 Percent Beginning July 14

The U.S. Postal Service (USPS) is scheduled to raise the price of stamps for a second time this year by the end of this weekend, with the agency claiming the hikes are necessary to achieve “financial stability.” In April, the USPS announced price changes slated to take effect on July 14. Overall, the new hikes will raise mail prices by roughly 7.8 percent, the agency said in a press release. For 1 oz. domestic letters, stamp prices will rise from 68 cents to 73 cents. The price for delivering international letters is set to change from $1.55 to $1.65 per oz. Each additional ounce of mail, domestic or international, will cost 24 cents to 28 cents extra....