34 FREE Price/Rate Increase Letter Templates


With the passage of time, prices or rates of goods tend to increase. Sometimes this increase can be minimal and sometimes it can be great, depending upon the situation of a particular economy. Such an increase in rate or price must be communicated to the potential customers of the business by writing a formal price or rate increase letter. Many businesses also use a particular price or rate increase letter template in order to inform their customers about the price increase every time. 

A sudden intimation of increase in price will have a bad impact on your potential customers. Therefore, you should take reasonable steps to inform your customers as early as possible, after the price increase. For more clear understanding, make sure to check out the following editable price or rate increase letter templates.

Page Contents

Official Price Increase Letter Templates

Business's Price Increase Letter Template

Formal Price Increase Letter Template

Precise Price Increase Letter Template

Detailed Price Increase Letter Template

Brief Price Increase Letter Template

Proper Price Increase Letter

Product Price Increase Letter Template

Eccentric Price Increase Letter Template

Company's Price Increase Letter Template

Exclusive Price Increase Letter Template

Sample Price Increase Letter Template

Explained Price Increase Letter Template

Comprehensive Price Increase Letter Template

Corporate Price Increase Letter Template

Simple Price Increase Letter Template

Particular Price Increase Letter Template

Example Price Increase Letter Template

Tips for preparing an Effective Price/Rate Increase Letter Template

While preparing a price or rate increase letter template, you should be very careful about your tone, content of the letter and its overall layout and structure. Following are some useful tips which will assist you in writing an effective price or rate increase letter template:

  • Make sure that your letter should be to the point and simple. Instead of wasting time in irrelevant information, the content of your letter should be direct and precise.
  • Start with a brief salutation and then briefly explain your intention of increasing the rate or price.
  • Don’t forget to mention the date from which the price increase will take effect.
  • Briefly mention the reasons of price increase. Try to be precise and use simple sentences which are direct and related to the subject matter of the letter.
  • Ensure to clients or customers that the price increase will add more value to the services offered to them. It might slightly cover the impact of the price increase.
  • At the end of the letter, don’t forget to add a short statement thanking your clients or customers.

Professional Price Increase Templates

Exclusive Price Increase Letter Template

Product's Price Increase Letter Template

Short Price Increase Letter Template

Catchy Price Increase Letter

Orthodox Price Increase Letter Template

Routine Price Increase Letter Template

Fuel Price Increase Letter Template

School Fee Increase Letter Template

Concise Rate Increase Letter Template

Transport Price Increase Letter Template

School Fee Increase Letter Template

Service Fee Increase Letter Template

Explanatory Price Increase Letter Template

Manufacturer's Price Increase Letter Template

Sample Price Increase Letter

Direct Price Increase Letter Template

Informative Price Increase Letter Template

Reasons for writing a Price/Rate Increase Letter

There are many factors involved in increase in price or rates of products or services. Following are some of factors due to which the prices of products or services increase and ultimately a price or rate increase letter is written:

  • The most basic reason is the increase in costs of the business. It includes all the different costs such as operating costs, admin costs, costs of sales or other overheads etc. So as a result of increasing costs, the price is also increased.
  • A major growth and expansion in the business can also lead to increase in costs as well as prices of products or services.
  • If you want to improve and provide higher quality of services to your clients or customers, it will ultimately increase your costs, thus increasing the price too.
  • If you analyze that you are offering the products or services at lower price than your competitors in the market, then you will increase the price in order to stay in competition.
  • If some clients or customers continuously argue about your current prices knowing that it is still reasonable as compared to others, you would surely want to increase the price of your product or service in order to let go of them.

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