Price Increases in The Electrical Industry

We have seen some steep price increases within the electrical and construction industries with wire, lumber and many other commonly used items having gone through massive price increases. Unfortunately this will likely to get worse before it gets any better. We have also see some increases within the LED Lighting industry as well and mostly due to increased freight costs. A stonger dollar has helped mitigate some of the impact but some further prices increases are envitible in the future.

Next few months will be a bit uncertain and with all the cash that has been injected into the economy, further price increases can be expected. We would recommend anyone quoting jobs to add disclaimers to reduce the chance of losses and customer dissatisfaction.