U.S. Postal Service Announces Price Increases

The cash-strapped U.S. Postal Service announced a one-cent increase in the cost of mailing a letter, starting in January.

The new prices lift the cost of a first-class stamp to 45 cents starting on January 22, 2012, the first increase in more than two years.

The Postal Service said the cost to mail a postcard will go up three cents to 32 cents, letters to Canada or Mexico will increase five cents to 85 cents, and letters to other international locations will increase seven cents to $1.05.