Postage stamp price hike expected

U.S. Postal Service website 07/06/2010

Last Updated: Tuesday, July 06, 2010 11:29 PM

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U.S. Postal Service

ORLANDO --

Prepare to pay more to send mail.

The U.S. Postal Service is requesting to increase the price of a stamp by two cents to 46 cents.

But that's not the only item that could be getting more expensive.

Postal officials announced a wide-ranging series of proposed price increases Tuesday.

The average increase is about 5 percent, and covers First-Class Mail, advertising mail, periodicals, packages and other services.

The agency has been battered by massive losses and declining mail volume, and faces a financial crisis.

The request now goes to the Independent Postal Rate Commission, which has 90 days to respond.

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