USPS to Raise Postage Stamp Prices by 7.8 Percent Beginning July 14

The Postal Regulatory Commission warned that USPS’s price hike was not ‘prudent.’

The USPS logo is seen in front of the Los Angeles Plant in Los Angeles, Calif., on April 29, 2020. Valerie Macon/Getty Images

The U.S. Postal Service (USPS) is scheduled to raise the price of stamps for a second time this year by the end of this weekend, with the agency claiming the hikes are necessary to achieve “financial stability.”

In April, the USPS announced price changes slated to take effect on July 14. Overall, the new hikes will raise mail prices by roughly 7.8 percent, the agency said in a press release.