Consumer Alert

USPS to raise price of stamps to 49 cents

CREATED Sep 25, 2013

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Washington (KTNV) -- Mailing a letter will cost three-cents more, or 49 cents, starting in January.

That's according to a proposal from the U.S. Postal Service on Wednesday.

The price of sending a postcard would also go up a cent, to 34 cents.

The rate hikes are expected to raise $2 billion for the cash-strapped postal service.

The postal service must first get the approval of its regulatory panel before it can raise prices.

So far, the postal service has lost nearly $4 billion in the current fiscal year.

It lost $16 billion in 2012.

Total mail volume continues to fall.