The Postal Service contends, as it did last year before a similar increase, that the price hike is needed to achieve financial stability.

The price of a postage stamp will likely ... USPS recommended a 5-cent increase to the price of a first-class mail Forever Stamp, bumping the current price from 73 cents to 78 cents.

The U.S. Postal Service is seeking to increase the prices of its products this summer, including the cost of a first-class stamp, which could increase from 73 cents to 78 cents if approved.

The United States Postal Service (USPS ... the price of Forever stamps will jump to 78 cents, up from the current price of 73 cents, which is a 6.8% increase (or 5 cent increase).