US Postal Service to raise its Stamp Price on 27 Janurary 2013

The US Postal Service is raising their price on stamps this year, as they did about the same time one year ago.  There will surely be some griping here, however the postage price has roughly kept pace with inflation.  The price increase should be expected.  The chart below indicates that the postage stamp rate since August 15, 1971 has nearly matched inflation.

Date

Stamp Price

Inflation Base

Difference

15-Aug-71 8 8.0 0.0
2-Mar-74 10 9.7 0.3
31-Dec-75 13 10.6 2.4
29-May-78 15 12.9 2.1
22-Mar-81 18 18.0 0.0
1-Nov-81 20 18.0 2.0
17-Feb-85 22 21.3 0.8
3-Apr-88 25 23.4 1.6
3-Feb-91 29 26.9 2.1
1-Jan-95 32 30.1 1.9
10-Jan-99 33 32.9 0.1
7-Jan-01 34 35.0 -1.0
30-Jun-02 37 35.5 1.5
8-Jan-06 39 39.8 -0.8
14-May-07 41 41.0 0.0
12-May-08 42 42.5 -0.5
11-May-09 44 42.4 1.6
22-Jan-12 45 45.4 -0.4
27-Jan-13 46 46.2 -0.2

There was a reason that 15 August, 1971 was chosen as the date.  That is the date when then President Nixon signed the order to allow for the termination of exchanging dollars for gold.  This allowed the US dollar to then float in value, almost always in the inflationary direction.  This period provided for the most “apples to apples” comparison for monitoring stamp prices.

If you know you’ll need the stamps and won’t lose them, buy them right before January 27, 2013.  Since the “forever stamp” that is available today at the price of $0.45 will rise to $0.46 next week, $1 is made in short time on 100 stamps.  There is no sense in hoarding stamps for this purpose, but it is worth noting that the “forever stamp” will hold its value better than cash in the wallet.  The below chart shows the price increases of the US postage Stamp since 1971.

Stamp prices from USPS.gov, inflation data from usinflationcalculator.com

Stamp prices from USPS.gov, inflation data from usinflationcalculator.com

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About Steve @ FPO
Hello FPO readers, I have been writing on financial topics for about 12 years now, but I have only recently reignited the fire of publishing online. I have to say, its good to be back. I am an electrical engineer by trade who enjoys all topics engineering and financial. I started Financial Place Online (FPO) to create a value added financial news and education website that would provide a refreshing daily financial read. Financial Place Online websites are built around the principles of consumer empowerment, leveling the playing field, zero spam tolerance, and none of those annoying sidebar or banner ads. For us, it's all about enjoying a good read.

3 Responses to US Postal Service to raise its Stamp Price on 27 Janurary 2013

  1. bean miller says:

    After January 2013, what would happen to the price of stamps? would they go up or down. I think this is important since I send out letters a lot and stamps and shipping often make sending out letters costly for me. I live in a rural area and computer access isn’t available for me.

  2. Pingback: Post Office Cancels Saturday Mail Delivery « Financial Place Online

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