Appliance Prices are Going Up.

According to Reuters, appliance prices will be going up. Whirlpool/Maytag has stated that they would be raising prices 6 to 12 percent worldwide this month. Electrolux has announced a 5 percent increase and GE and announced an increase for September. I suppose this reflects the increase in oil prices.

Interesting that the closing of plants and the moving of production to Mexico has not saved consumers money. I wonder who is getting these saving?