Postage Prices will Decrease from Sunday; USPS not too Happy About It
The last time when price of U. S postage stamps went down, is history. But that is going to be repeated this weekend and the USPS is not happy about it.
In July 1919, prices of postage stamps were decreased by 3 cents to 2 cents. From the Civil War times, this is the third time price has been decreased on record.
So, if you are posting a letter by traditional mail, you will pay less than usual for the first time in almost a century, starting from this Sunday. The regulators order which oversees the postal department, to cut the prices, did not make the U. S. Postal Service too happy as it will lose $2 billion in the year, due to the price decrease.
According to USPS, this price roll back in postage stamp, from 49 cents to 47 cents will make it difficult to compete and give required service to its customers.
According to annual reports of Postal Regulatory Commission, the U. S Postal Services posted an operating profit in the last two fiscal years. But heavy pension burdens and added future expenses made the service post a $5.1 billion net loss last year.
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