Nov 17, 2012 6:00 PM by Associated Press

Price of stamps rising

WASHINGTON (AP) - The cost of mailing a first-class letter will go up by a penny in January.

The Postal Regulatory Commission approved the proposed rate increase yesterday, raising the price of a first-class domestic stamp to 46 cents.

The Postal Service is also introducing a global "forever" stamp that will allow customers to mail letters anywhere in the world for one set price of $1.10.

The prices go into effect Jan. 27.


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