Sample business letter for Price increase

Sample business letter for Price increase

We are pleased to have been in business with you since the past 5 years, overcoming hurdles and challenges together in unison. We have not raised the prices of our products in all these years despite the continuous rise in service expenses. With effect from (date), we shall have to increase the prices by 10% on all our products.

We can no more avoid the growing expenses that go into the production of our products. There has been an undeniable rise in prices of raw-materials that we use. Service charges of employees have also soared up along with other expenses of transportation and importing supplies from other countries. All these have led to constant lowering of company’s benefits.

As you know well, we have never compromised the quality of our products even in the hardest of times. We endeavour to keep going with the agenda of excellent quality and for that an increase in price is an apparent necessity.

Below are the details of our new price tariffs. We look forward to your cooperation in the process and hope to continue being in business with you in more years to come.