When composing a price escalation letter, clarity and politeness are essential. Clearly state the reason for the price increase, provide specific details such as the affected products, and indicate when the updated prices will be communicated. Express gratitude for the customer's continued patronage and assure them of continued quality service.
Sample Letter to Inform Customer About the Price Increase
To,
____________,
____________,
____________ (Receiver’s details)
Date: __/__/____ (date)
Subject: Price increase
Respected Sir/Madam,
Thank you for continuing to be a valuable customer to our company. Looking at the current scenario with the sudden increase in the price of ___________ (mention raw material), we had to issue an increase in the price of the following items:
1. _____________ (Product name)
2. _____________ (Product name)
3. _____________ (Product name)
The list of updated prices will be shared with you by _______________ (date). We expect your kind understanding of the increase in price. We assure to serve you better and thank you for continuing to choose us for such a long duration in the past and believe to do better business in the future as well.
For ____________ (name of the company),
____________ (your name, signature, and stamp),
____________ (designation),
____________ (contact details)
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