Pirelli to Raise Prices

The AFX financial news agency has reported that Pirelli will increase its prices by between three and five per cent. The price increase is expected to be enforced by the end of the year and will affect all of the company’s Europe wide operations. Exactly how much prices will increase will be decided by each national Pirelli organisation individually. Pirelli says the price hikes are a result of the increasing raw material and energy costs that are affecting the tyre business.