To,
_____________ (Receiver’s Name),
_____________ (Receiver’s Address)
Date: __/__/____ (Date)
Subject: Increase in price
Dear Sir/ Madam,
Thank you for your continued support for __________ (Product) for your requirements.
We would like to bring to your kind attention the recent developments in __________(reason for price increase) have impacted our cost of_______ (product) significantly. There has been multi-fold increase in _______ (reason for price increase) prices since the last month due to ____________(reason). We anticipate the situation to continue for the next few months, with consequent effect on the cost of the products.
In the light of above, we are constrained to inform a marginal increase of _________ (Price increase %) on our existing prices of __________ (Product). Kindly note that all our earlier quotes, prior to _____________ (Date) shall not be valid any longer and you are requested to kindly contact the undersigned for the revised pricing for your upcoming requirements.
We are hopeful that you would understand our limitation in effecting this increase and would continue to favor us with your valuable business.
Thanking you,
__________ (Signature)
__________ (Name)
__________ (Contact Details)
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