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Paying more for postage: Stamp prices jump as USPS records losses

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WASHINGTON – The next time you send a letter in the mail, you will be paying more.

The United States Postal Service announced that it is increasing the price of first-class mail to 49 cents.

That is jump of 3-cents per stamp from the previous rate of 46 cents.

The new prices will take effect on January 26, 2014.

The full list of price increases are as follows:

  • Letters that are 1 oz. – 3-cent jump to 49 cents
  • Letters with additional ounces – 1-cent increase to 21 cents.
  • Postcards – 1-cent increase to 34 cents.

Officials with the postal service were seeking the price change because it has already lost about $4 billion this year.