Many Manufacturers Are Increasing Prices In October - In Spite Of Zero Inflationary Pressures

The locksmith and door hardware industry is not immune to financial pressures. Many industries are increasing their prices even though the wider economy is not experiencing inflation.

What is especially interesting is that while these manufacturers are increasing their prices, they are not increasing wages and compensation for their employees. While the greater economy shows that American employers are continuing to offer more jobs and increase hiring, wages are stagnant and in some cases actually dropping.

Some manufacturers increasing their prices in October include:
 Schlage: 10/3/16
Von Duprin: 10/3/16
LCN: 10/3/16
Falcon: 10/3/16
Glynn Johnson: 10/3/16
IVES: 10/3/16
Steelcraft: 10/3/16
Kaba Simplex Mechanical Pushbutton Locks: 10/15/16
Kaba PowerPlex/E-Plex Electronic Locks and Software: 10/15/16


The above manufacturers are mostly companies that produce their products off-shore, where the economies abroad are not seeing the growth of previous years and prices have by large not increased.

So why are they increasing their prices? probably due to shareholder demand!

Will local service providers also increase their prices? Most likely not but they should.