US Post Office to raise cost of stamps

CREATED Jan. 24, 2014

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The US Post Office is raising the price of stamps by three cents, from 46 to 49 cents, beginning Sunday.

The hike is the largest increase in consumer postage prices in more than a decade.  

It will affect millions of people, even though fewer Americans these days use "snail mail"  to pay bills and keep in touch.  

The post office says the change is needed to keep up with inflation. They lost 5 billion dollars last year.