First-Class Postage Rate Will Rise To 49 Cents Next Month

By Scott Neuman

Published December 24, 2013 at 4:59 PM EST

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A customer places first-class stamps on envelopes at a U.S. Post Office in San Jose, Calif. It'll cost another 3 cents to send a first-class letter starting on Jan. 26.

You'll soon need some 3-cent stamps to go with those 46-cent ones.

Regulators on Tuesday authorized the increase, and beginning Jan. 26, it'll cost 49 cents to send a first-class letter. Bulk rate mail, periodicals and package service rates will go up 6 percent, The Associated Press says.

Regulators rejected a request to make the price hike permanent and say instead that it will last no longer than two years, by which time the U.S. Postal Service should have recouped $2.8 billion in losses.

The AP says:

"The independent Postal Regulatory Commission said the change was justified by severe mail volume decreases since 2008."