Stamp prices are set to increase for the second time this year Sunday, July 9.
Sending a first class letter will increase from 63 cents to 66 cents. The three cent increase is on top of an identical three cent increase in January.
The Postal Regulatory Commission (PRC) determines the rates.
The increase, according to the United States Post Office (USPS), will help to keep the postal service competitive and bring in revenues to help offset losses. The USPS cited inflation and operating losses as the reason for the increase.
The price hike is the fourth cost increase for stamps in a two-year span.
Postage price increases are typically capped at the rate of inflation measured by the Consumer Price Index, unless approved by the PRC.
Prices for a range of mailing services will rise as the USPS looks to increase its revenue.
Mailing a postcard domestically will cost 51 cents, up from the current rate of 48 cents, while sending an international letter will cost $1.50, an increase from the current price of $1.45.
