Price Of Stamps Rises

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Price Of Stamps Rises

By KBJR News 1

Story Published: May 12, 2008 at 5:42 AM CDT

Story Updated: May 12, 2008 at 5:42 AM CDT

The cost of mailing a letter goes up a penny to 42 cents Monday, the latest in what are expected to be annual price adjustments by the Postal Service.

A new law regulating the post office makes it easier to raise rates as long as the agency doesn't exceed the rate of inflation.

Rates are to be adjusted each May.

But the post office also has introduced a way for people to save money when the price goes up, the Forever stamp, which remains valid for first-class postage regardless of any increases.

Forever stamps currently sell for 41-cents, but can be used after the rate increase without any additional postage.

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