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Beginning April 1st, select major appliance manufacturers are raising prices in response to the increasing cost of raw materials. Consumers can expect prices to increase 7-12%. Manufacturer's responses are summarized below.
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"The increase will apply to all of our major product categories and brands. While our price changes vary by model, the weighted average increase is 8.8%. Raw material cost, fuel costs and costs associated with Federal mandated energy requirements have been rising and are forcasted to further increase during 2011." |
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"...Electrolux Major Appliances will be raising prices in North America by approximately 8-10%." |
| "As a business, we continue to experience increases in costs due to rising supply base costs, (and) increasing costs associated with regulatory compliance... we will be raising most wholesale prices by approximately 8-10%...except GE Monogram." |
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"We (Viking) have been told to anticipate that most of the cost increase will be 7-10% range." |

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