Postage Rates Dropping

This may be hard to believe, but postage will be decreasing at the United States Postal Service on Monday, April 11th.

The price for one ounce letter stamps will decrease from 49 cents to 47 cents while the postage for additional letter ounces will go from 22 to 21 cents.

Postage on letters to all international destinations drops from $1.20 to $1.15 and post cards go down one cent to 34 cents.

The reductions were mandated by the Postal Regulatory Commission after the commission granted a surcharge in January of 2014 to help recover volume and revenue losses resulting from the great depression.

Postmaster General Megan Brennan said the price reduction will exacerbate the Postal Services financial situation. The loss in annual revenue has been estimated at $2 billion.

The Postal Service continues to seek congressional action to reinstate and make the surcharge permanent.