Stamp prices to go up 3 cents in the New Year

Posted on: 10:12 am, December 26, 2013, by and

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The price of stamps is about to go up.

A panel that oversees the U.S. Postal Service has approved a three-cent hike to 49 cents, from the current price of 46 cents.

The hike includes a one-cent increase to keep pace with inflation.

The additional two cents are intended to be temporary, and recoup the losses the Postal Service suffered during the recession.

But it will still have to deal with the country’s shift away from mail to the internet.

The stamp price will take effect on January 26th.