(NEXSTAR) – The price of postage is going up — again.

The United States Postal Service officially announced the price of Forever stamps and other postage will go up on Jan. 22, 2023. The move has been anticipated for months after Postmaster General Louis DeJoy said in August that increases would be necessary to keep up with costs. Inflation was expected to add $1 billion to the Postal Service’s operating budget, the Associated Press reported.

Forever stamps, regardless of when they are purchased, will be accepted in perpetuity – hence the name. That means if you have some already, those will still be accepted to mail letters next year. It also means you can buy stamps in bulk now to avoid paying more come January.

See more details on the 2023 price changes below:

“The Postal Service is also seeking price adjustments for Special Services products including Certified Mail, Post Office Box rental fees, money order fees, and the cost to purchase insurance when mailing an item,” said the USPS, which didn’t, however, specify how much more expensive those things might get.