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Postal Regulators Approve Short-Term Stamp Price Hike Proposal

MailTruckThe Postal Service has received approval to raise the price of a first-class stamp from 46 cents to 49 cents in January but that increase will not be made permanent, Federal Times reported Dec. 24.

Sean Reilly writes the costs of sending other postal products such as postcards, international letters and standard mail will likely also increase.

The Postal Regulatory Commission voted 2-1 in favor of the temporary increase and said in a statement that the Postal Service cited $2.8 billion in mail volume declines between 2008 and 2011 as reasons for the hike, according to Federal Times.

Both the USPS and industry can appeal the PRC’s decision to the U.S. Court of Appeals for the District of Columbia, Reilly reports.

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