USPS hikes 'Forever' stamp price by record amount

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The Postal Service Opens a New Window.  has raised the price of its "Forever" stamp by 5 cents to 55 cents, a 10 percent increase and record nominal price adjustment.

The agency, which also announced other price increases, said it received approval for the hike in November.

The price to ship a small flat-rate box was raised to $7.90, from $7.20, while a large flat-rate box was raised by more than $1 to $19.95.

Priority Mail Express prices rose by 3.9 percent, while Priority Mail increased 5.9 percent – those prices aren’t adjusted in line with inflation, but rather with perceived market conditions. First-class mail prices rose by 10 percent.

Read more at FOX Business.