Postage Stamp Price Increases Set for January

It's that time again. According to the Wichita Eagle:

The cost of a first-class stamp, also known as a forever stamp, will climb to 45 cents on Jan. 22, the first price jump in more than 2 1/2 years, the Postal Service said. The cost of sending magazines, standard mail and some package services will also rise, but prices for Express Mail and Priority Mail will stay the same.

While the 1-cent increase isn't earth-shattering, Postmaster General Patrick Donahoe said that the jump "is small and is needed to help address our [the Postal Service's] current financial crisis."

Also, starting on January 22, the following rates will also increase:

• First-class letters (1 ounce): 1-cent increase to 45 cents
• Postcards: 3-cent increase to 32 cents
• Letters to Canada or Mexico (1 ounce): 5-cent increase to 85 cents
• Letters to other international destinations: 7-cent increase to $1.05