Hikes in works for first-class mail

Greenwich Time - - BUSINESS -

The U.S. Postal Ser­vice is re­quest­ing per­mis­sion to add 5 cents to the cost of a first-class stamp, the big­gest in­crease since 1991. If ap­proved, it would lift the cost of a stamp to 55 cents, with the cost of me­ter­ing 1-ounce let­ters sched­uled to in­crease 3 cents to 50 cents. The in­creases would take ef­fect in Jan­uary, with ex­tra costs to mail­ers off­set par­tially by a 6-cent de­cline in the charge for each ad­di­tional ounce of weight in a let­ter be­yond 1 ounce, to 15 cents.

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