Stamps are getting more expensive.
The U.S. Postal Service announced its new prices for July, which include a 5-cent increase in the price of a First-Class Mail Forever stamp.
The rate to mail a 1-ounce letter will cost 73 cents, up from 68 cents.
In a press conference, Sen. Richard Blumenthal blasted the postal price hikes.
“Americans are about to see a really excessive and unacceptable increase in postal rates that will have a ripple effect economically throughout the country,” Blumenthal said at a briefing outside a post office, according to local outlet CT News Junkie.
“This rate increase is the sixth increase in postal rates in just three years. An increase overall of 23% in just three years. That is about 200% above the rate of inflation or more. And the effects will be on all of the businesses as well as consumers who use the traditional postal service,” Blumenthal said.
The postal price hikes are set …