If there is a price increase then you need to inform about the same to your customers and clients in a formal manner and for that you need to write an effective price or rate increase letter to them. The business letter format for price increase is the right way of informing everyone of the change in pricing.
In this post, we have come up with guidelines on writing one such letter along with sample business letter for price increase. You can follow these tips and use the rate increase letter template, example to create a personalized letter.
We have come up with a certain points that must always be kept in mind while framing a price increase letter:
From:
Mathew Smith
Manager
Zenith Technologies
New York
Date: May 23, 2022
To,
Mr. Robert Hilton
Manager
New Age Publications
New York
Sub: Letter for Price Increase.
Dear Mr. Robert,
Greetings!
I am writing this letter to inform you that because of constantly increasing fuel charges, we are compelled to increase the shipping charges across all our order limits. There will be a hike of 5% in our shipping rates on international as well as domestic orders which will be effective from July 1st, 2022.
We are extremely grateful for your constant support and understanding on this issue. In case you have any more concerns or questions then please write to us at support@zenith.com and we will be there to help you.
Thanking you.
Sincerely,
Mathew Smith
Manager
Zenith Technologies
New York
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