First class postage stamp prices are going up by 1 cent starting in January, the U.S. Postal Service said Tuesday.
The cost of a first-class stamp — also known as a Forever Stamp — will climb to 45 cents on Jan. 22, the first price increase in more than 2 1/ 2 years, USPS said.
Other costs, including the price of mailing magazines, standard mail and some package services, will also go up. Express Mail and Priority Mail prices will not change.
The goal is generating an additional $888 million in revenue, postal officials said Tuesday.