The price of a first-class forever stamp went up on last Sunday, from 50
cents to 55 cents. That 10 percent increase is the largest single price jump
in the history of the Postal Service, the Associated Press reports.
As usual the newsettes have it WRONG!

The postal increase of November 2, 1917 and of July 6, 1932 were 50%
jumps.
The postal increase of January 7, 1963 was 25% as was that of March
2, 1974.
The postal increase of December 31, 1975 was 30%.
The previous 10+% increase was January 1, 1995.

The 1¢ reduction [2%] on April 10, 2016 was when a first class
stamp became 47 cents: for the first time in 97 years (and for the
third time in the agency's history)!

The Postal Service lost $3.9 billion in 2018. First class mail volume
decreased by about 2.1 billion pieces. According to USA Today, "it was the
12th year in a row the agency reported a loss despite growth in package
shipping."
That they're attempting to bail out their weetheart deals with UPS
and Fed-Up Hex at the exxpense of the citizen isn't surprising! One
Postal Official on the 'news' commented that individual mailings are
down ... well HELL YEAH! As prices go out of reach, you DO NOT use
the 'service'!

It is also more expensive to send a package using Priority Mail. The price
of a small box rises from $7.20 to $7.90; a medium box increases from $13.65
to $14.35.

Source:
https://www.npr.org/2019/01/28/68923...-increase-ever


JA

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