Summary: sure seems like a lot more that 8 cents but actually it is exactly the same If corrected for inflation an 8 cent stamp in 1971 would be worth in 2007 exactly you guessed it 42 cents Observe the graph and you will see that the price of a first class stamp has remained somewhere between 40 and 55 cents in constant 2007 dollars since 1971 We are using 2007 dollars
Image Dimensions: 431 x 268
Image originally found here.