If that price sounds familiar, it's because USPS' last increase in January 2014 also raised the cost of stamps from 47 cents to 49 cents, USA Today reports. USPS dropped the price back to 47 cents in April 2015.
The latest hike just applies to 1-ounce, first-class letters, not postcards or international letters. The rate for "additional ounces" for letters also will remain at 21 cents per ounce.
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