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US Postal Service Announces Stamp Price Hike
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Overview
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The US Postal Service plans an 8% price increase for 'Forever' stamps in July as part of a financial stability initiative. Stamp prices have surged by 36% since 2019, with previous hikes in January. Postcard rates will also see an uptick domestically and internationally.
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How could these price increases impact businesses reliant on mail services for operations?
How might the public react to these frequent postage price hikes?
What strategies could the US Postal Service implement to enhance revenue without raising prices?
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