The postal service wants to make the largest hike in stamp prices ever.
With struggling revenues, the postal service this week submitted a proposal to raise the price of sending a standard letter from 50 cents to 55 cents.
Priority mail prices would increase by more than 5%, making the cost of shipping a small flat rate box $7.90 up from $7.20.
The change will impact not only consumers but certain industries as well.
Big Wheel Press in Easthampton, a company that creates greeting cards and invitations, said the move will slow down the greeting card industry, which accounts for a significant portion of letters sent through the US postal service.
“We’re responsible for a large percentage of the mail that goes out,” said Bill Muller. “We could create more products which would bring in more revenue if the increase wasn’t there. Having that increase is actually slowing down the rate of product going through the mail.”
The postal service said in a news release their rates are still a great value.
If approved, they would go into effect in January of 2019.