Stamp prices are going up starting Sunday | CNN Business

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The US Postal Service will increase prices on first-class mail stamps to 66 cents from 63 cents

The change goes into effect Sunday, raising the cost of mailing a first-class letter by about 5.4%. The Postal Service said the hike was necessary to offset a rise in operating expenses. Surging prices have dented business across the globe over the past two years, in many cases pushing up workers’ wages and increasing the costs of doing business.

expects to lose $4.5 billion in 2023.

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