The price of a first-class letter and most other mail will rise by 3 cents on Jan. 26, the largest rate hike in 11 years, the commission that oversees the U.S. Postal Service
announced Tuesday.
The stamp-price increase to 49 cents will be in effect for two years, giving the financially struggling agency a temporary infusion of extra revenue intended to help it recoup losses suffered during the economic downturn between 2008 and 2011.
