Post office to offer special price stamp

May 3, 2006 at 4:31 PM

WASHINGTON, May 3 (UPI) -- U.S. stamps will increase in price in 2007 but the Postal Service plans to introduce a special stamp for customers who want to lock in their rates.

The U.S. Postal Service Board of Governors said in a statement Wednesday that a "forever stamp" will be offered to customers who don't want to be affected by future price hikes.

The price of an ordinary First Class stamp will increase by three cents next spring, but the special First Class stamp will be valid even after that. The statement did not say how much the forever stamp would cost.

The Postal Service is funded by fees and sales, not taxes, and Postmaster General John E. Potter said the service isn't "immune to the cost pressures affecting every household and business in America," citing rising healthcare costs especially.

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