When drafting a price increase letter, it's essential to maintain clarity and politeness. Start by addressing the recipient respectfully and clearly stating the purpose of the letter, including the details of the price increase such as the percentage and effective date. Provide a brief explanation for the increase, such as rising costs or improved product quality. Express gratitude for the recipient's support and offer assistance for any inquiries they may have.
Sample Letter for Price Increase
From,
The Manager,
__________(Name of the Company)
__________(Address)
Date: __/__/____(Date)
To,
__________(Name of the Company- if applicable)
__________(Name of the Client)
__________(Address)
Subject: Letter for the increase in price
Respected Sir/Madam,
Courteously, I am writing this letter on behalf of the __________(Company Name), this is to inform you that there will increase prices upto __________(Percentage of increase) in __________(Mention product) will put into effect from __________(Date). This increase is due to __________(Reason- increase in the price of raw materials/ increase in quality of product/ unavailability issues/ additional services/ manufacturing cost/ transportation issue, any other reason). All orders received on or after__________(Date) will be invoiced at the new price.
We wish to thank you for your support in all these past __________(Years/ Months) and hope that will understand the necessity for this price increase. If you have any questions regarding this, please feel free to contact us.
Yours Faithfully/Sincerely,
__________(Signature)
__________(Name)
__________(Name of the Company)
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