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Postage stamp price hike takes effect

(ASSOCIATED PRESS) — It’s going to cost you more to send items through the mail, starting Sunday.

The cost of a U.S. postage stamp goes up five cents, from 73 to 78 cents.

The price hike is part of wider 7-point-four percent increase in services that includes forever stamps, post cards, metered letters and international mail.

The postal service says the price increase is needed to achieve financial stability.

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