The price of a postage stamp will roll back from 49 cents after the U.S. Court of Appeals for the District of Columbia ruled that the temporary rate hike put into effect by the U.S. Postal Service (USPS) in January 2014 would not be made permanent, according to The Washington Post.
In 2013, the Postal Regulatory Commission (PRC) gave the USPS permission to raise the cost of a stamp from 46 cents to 49 cents due to emergency conditions—the USPS’ loss of billions of dollars in revenue during the recession. This made for the largest rate increase by the USPS in 11 years.
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