This document can be used as a template for a price increase letter to the customers / clients. The letter explains the reasons why the costs increase has resulted in the price adjustment, and it also provides customers with the new pricing schedule and an effective date. 

It is advised that one should show gratitude in the letter thanking the customer for being such a loyal customer. However, because of the increase in costs, you have no choice but to pass on such costs to your customers. 

You should be confident about your price increase and end it with a focus on how to create more value for your customer in the future.

 

How to use this Document? 

This letter should be carefully read by the customer and the supplier. 

If applicable, the supplier should provide a contact to that customer so that they can negotiate the new rate, one should also think about walking away if the client is unprofitable.