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Price of Stamps Going Up in 2014

The temporary increase is supposed to generate an additional $2.8 billion in revenue to make up for earlier losses.

Get ready to pay more to mail your letters. FILE | Patch
Get ready to pay more to mail your letters. FILE | Patch
By Greg Hambrick

It's time to stock up on Forever Stamps for the new year. The U.S. Postal Service will soon increase the price of stamps.

On Jan. 26 the cost of a first-class postage stamp will rise to 49 cents from 46 cents, according to The Washington Post. 

A book of first-class one-ounce stamps will cost $9.80. Forever Stamps purchased before the increase will still be valid for all one-ounce letters. 

The U.S. Postal Service’s regulator approved the increase of about 6 percent, but rejected a request for a permanent increase.

The rate increase is supposed to boost the USPS' revenue by $2.8 billion in two years to recoup losses suffered in 2008 and 2011,according to the Post

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