USPS hiking price of stamps again - KAIT Jonesboro, AR - Region 8 News, weather, sports

USPS hiking price of stamps again

SHREVEPORT, LA (KSLA) -

The U.S. Postal Service has raised the price of a stamp again, this time from 46 cents to 49 cents.

"Hang in there with us, we're continuing to do everything we can to reduce costs," said Monica Minor, the retail manager for the Louisiana district.

The hike is set to take place this Sunday, and the US Postal Service is asking for a little understanding from the consumer. Some customers say it's a price they don't want to pay.

"I wouldn't want to," said Tiffany Collins, a USPS customer.

"Due to the loss of revenue we continue to have it was just critical that we raise the price," said Minor.

According to the USPS, the Internet has taken customers away consistently for several years, which contributes to the growing budget gap, now in the billions.

"People are texting, paying bills online," said Minor.

But Collins says, even when she's not online, she's rarely at the post office either. When she pays bills locally she says she pays in person at bill centers.

More increases to consider: Letters exceeding an ounce goes from 1 cent on additional ounces to 21 cents, letters to all international destinations at $1.15, and postcards up 1 cent to 34 cents. These changes are expected to generate $2 billion in incremental annual revenue.

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