The United States Postal Service has decreased postage rates for first-class and standard mail. A first-class stamp now costs 47 cents, down from 49 cents. The change took place April 10.
It was the first decrease in nearly 97 years. There have not been many comments from customers in the tri-state area of South Dakota, Minnesota, and North Dakota, according to Pete Nowacki, Postal Service spokesperson. “A few people were pleasantly surprised, but overall we’ve had little reaction from most of our customers.”
The Postal Service was granted a 4.3 percent emergency price increase by the Postal Regulatory Commission (PRC) and the surcharge went into effect in January 2014. The increase was also known as an exigent surcharge and was to be eliminated once the USPS recouped the estimated revenue loss from the Recession. The recent decrease is a result of removing that exigent surcharge.