Postage fee increase begins Monday

The cost of correspondence is again on the rise after the United States Postal Service announced a 3-cent hike on the price of stamps. According to the Postal Service, on Monday the price of first-class mail stamps will increase from 46 cents to 49 cents. Forever stamps will remain a viable postage at their original purchase price and will be accepted as the only necessary form of postage for first-class mail weighing 3 ounces or less, according to the service's website. According to the Postal Service, during the past 10 years the agency's annual revenue saw an increase from 2003 to 2008, peeking at $74.9 billion then steadily declining to $65.2 billion as of January 16.