.01 Cent Bump
Effective January 22, 2012, the Postal Service will yet again, raise the price of mailing a first-class letter by one cent to 45 cents.
The cost to mail a postcard will go up three cents to 32 cents. Why not raise the price of letters to Canada or Mexico to 85 cents and letters to other locations abroad $1.05….oh, they did!
Prices for Express Mail and Priority Mail will stay the same. Postal officials expect the 1-cent increase to generate an additional $888 million in revenue. Happy to help!
“The overall average price increase is small and is needed to help address our current financial crisis,” Postmaster General Patrick Donahoe said, according to Reuters. “We continue to take actions within our control to increase revenue in other ways and to aggressively cut costs.”