Pricing Change due to rise in material costs

Pricing Change Due to the unrelenting rise in material costs we are forced to raise our prices effective Aug.1st. The cost of Silver Solder has jumped 112% in the last year. Brass bar stock is up 20%. Casting prices have risen between 26% and 28%. Our inventory of plastic stock is nearly depleted and we are bracing for what the price increases will be considering the crude oil prices now in effect. The percentage of our price increase has yet to be determined but we will hold it as low as we possibly can.