The postage price increase is an effort by the United States Postal Services (USPS) to offset record operating losses in 2018 totaling nearly $4 billion, according to reports. The post office has experienced a volume decline in 2018 of 3.2 billion pieces, according to Fox Business, with a 3.6 percent decline in first-class mail, which provides its most significant share of income.
The January 27 stamp price hike, accompanied by other mailing and shipping increases, is the biggest price increase by total cents in the history of the post office. The largest percentage price increase occurred in 1991 when the cost of a stamp went from 25 cents to 29 cents.
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