Forever Stamp Price Rising in New York

If you've been putting off buying Forever stamps, you might want to make a trip to the post office sooner rather than later.

In today's world, we've all gotten used to the fact that just about everything costs more today than it did yesterday. There's inflation that's driving up the price of everyday essentials. We've heard about "funflation," making everything from concerts to amusement parks more expensive. Then there's shrinkflation, where the bags of chips, cookies, and candy keep getting smaller while the price stays the same.

Now, it appears "mailflation" has officially arrived.

Forever Stamp Prices Increase in New York

The U.S. Postal Service is once again raising the price of Forever stamps, along with several other mailing services. The latest increase takes effect on July 12, meaning you'll pay 82 cents for a Forever stamp instead of the current 78 cents.

That may not sound like much, but those extra pennies can add up if you regularly mail birthday cards, holiday cards, bills or other letters.

According to USPS, mailing service prices are increasing by approximately 4.8% overall as part of the agency's ongoing effort to keep up with rising operating costs.

Stamp Prices Have Doubled Since 2007

The latest increase is another reminder of just how much postage has changed over the years. When Forever stamps were first introduced in 2007, they cost just 41 cents. Beginning July 12, they'll cost 82 cents—exactly double what they were less than two decades ago, according to USA Today.

The good news is that if you already have Forever stamps at home, you don't need to do anything. Forever stamps never expire and will always cover the cost of mailing a standard first-class letter, even after prices increase.